2024-03-31-accounts

REGISTERED COMPANY NUMBER: 02235097 (England and Wales) REGISTERED CHARITY NUMBER: 298984 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR YOUNG CONCERN TRUST Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex C02 8RF

YOUNG CONCERN TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the ear ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Aetivities Balanee Sheet Cash Flow Statement Notes to the Financial Statements 9 to 16 Detailed Statement of Financial Activities 17 to 18

YOUNG CONCERN TRUST REPORT OF THE TRUSTEES for th¢ ear ¢nd¢d 31 March 2024 The trustees who are also directors of the charity for the purposes of the Compgnies Act 2006. present their repon with the financial statemeiits of the cliarity foT tl)e year ended 31 Marcli 2024. The trustees have adopted the provisions of Accouiiting at]d Reportin£ by Charities.. Statemeiit of Recommended PTactice applicable to cliarities preparin(T their accout]ts in accordance with the Financial Reporting Staiidard applicable in tlie UK aiid Republic of Irelat]d (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES ObjectiTres To promote the care and protection of the mental health and welfare of young persons who are in need of such care and attention by the provi5ioiI tsr assistaiice in the provision of LOU115elling, educational activitie5 and therapeutlL aiid related services. Publie benefit The Trusiees of YCT take due regard to the requirement that the Charit￿ operates in ways that provide public benefit. Trustees are aware of the guidance around public benefit and take it into account when making decisions 10 which ihat guidance is relevant. ACHIEVEMENT AND PERFORMANCE Charitable activities The Trust's core staff team is based at YCT House in Harlow, YCTS purpose-designed premises from which the team operates and at which some therapeutic input is delivered. A large team of specialist self-employed therapists work on YCTS behalf in a range of locations across Essex and Henfordshire. The Trust's Wlirk is delii'ered through a range of therapeutic models assessed as being relevant to the particular client or client group. Nationally accredited tools are used to measure the impact of YCTS services,. the). and anecdotal feedback from YCT'S stakcholders, d¢monstrate the beneficial outcome% of YCT'S interventions. Early intervention in emotional and mental health issues. such as those provided by YCT, can prevent the escalaiion of more serious conditions, ensuring better outcomes for children and }'oung people and saving the public purse the cost of more expensive and time-consuming treatments. In addiiion to individual and group WOTk M'ith children and young people, YCT supports and Irains professional colleagues. Amongst other factors, YCT monitors presenting issues, local nee(L youth cultiire, £overnment iiiitiatives etc. in order to ensure that its ¢urr¢nt and futur¢ s¢rvi¢es are appropriate, beneficial and part of the overall 'offer' to children and young people. During 2023124 the number of clients %uppi)rted by YCT was 1,849 through the delivery 12,490 sessions of therapeuti¢ input,. this was an iiicrea%e of +12.2￿/￿ children and young people on the previous year. YCT also supported children, young people and their families throu£h the provision of 155 £roup %es%ions. Play TheTapy for children aged 5-1 O years coi)tinued to be in particiilarly hibFh demand, with a M'alting list longer than we M'ould have wished. To help address thi5 need, H'e have altered the pren)ises to create a Second Play Therapy room and provide additional office space for the Clinical admiiiistrative staff, wl)ose nuinbers l)ave been increased to 5UPPOrt Freater numbers of )'oung people Th'anting therapeutic support. aiid provide more therapeutic hours ivheneveT POS5ible. The staffingF structure has been kept under review and chanbFes n)ade to provide supervisory, support to ensure it ren)ains effective and fit-for-PUTpose. Funding for coinmi5sioned work has beet] tnaintained, as have contracts with schools to provide the therapy needed, both of which continue to grow. FINANCIAL REVIEW Financial position YCT is in a Sound financial position, finishing the fii)ancial year with a £517 surplus. This healthy financial situation enables the organisation to make positive development plans for the fuiure. Moving forward. the YCT Board will ensure that exisiing contracts continue to be delivered fully and effectively. responding to the needs of children. young people and their families. This year, YCT has stimulated its funding income bj. the recruitment of a Fundraising and Communications O￿l¢er who has been successful in gaining several modest grants and developed a number of contacts for the future.. she has also been improving YCT'S social media and engaging M'iih the Community. The Board of frustees has written and agreed a new Siratsgic Plan to cover the next 5 years, where timely targets have been sei and are reviewed regularly every 6 months. The aim is for growth, diversification and the development of existing and further services to meet increased need. in line ￿'1th the organisaiion's charitable objectives. Delivering services in new locations or areas is included as part of these aspiraiions for implementation in due course. Page I

YOUNG CONCERN TRUST REPORT OF THE TRUSTEES for th¢ ear ¢nd¢d 31 March 2024 FINANCIAL REVIEW Principal funding sources Tl)e YCT Board cot]tinues to be appreciative of tliose who fuiid or conimission YCT'S services and of its loyal, committed, at]d fleyible staff team, volunteers, and self-ejnployed tlierapists. Resern'es policy The Trustees of YCT recogni5e that fund5 gained by the charity are to be used for the public benefiL and should not be held back or kept in reserve without good cause. YCT holds reserves as follow.. Fiscal Responsibility Fund.. Once per quarter Trustees consider and approve a sum of money iieeded to shut tl)e Charity down effectively if such circumstai)ces were forced upon it. In order to support the sustainability and long-term development of YCT the Trustees also hold funds based on a) development ol-the organisaiilin b) susiainabiliry of the organisation and c} fuiure building and accommodation needs. Development Fund £50.000 Sustainability Fui)d £49.6i5 Premises Fund £1 00,o(10 Fiscal Responsibility Fund £113,689 The Trustees believe that YCT is in a sound financial situation with a broad funding base and with an ability to effectively react to changing circumstances Going ¢on¢ern The trustees consider that there are no matsrial uncertainiies abLlUt the Charity's abilitv to continue as a going concern. STRUCTVRE, GOVERNANCE AND MANAGEMENT Governing document The chgritv is controlled by its governing document, a deed of trust, and constitutes a limited ¢ompgny, limited by guarantee, gs defined by the Companie% Act 2006. The Trust is governed by its Memorandum and Arti¢les of Association. The Board of Tru%tees is currently reviewing whether cenain Articles may need to be updated., if so, this will be tsken to the AGM for a(Treement and approval later thi5 }'ear. Organisational structure Respoiisibility for YCT'S operation lies with the Board of Management which meet5 at regular intervals throughout the year. The role of the MaiiagFement Board is to set the strategic direction of the oriTani5ation,' oversee its finances,. ensure compliance with all relevant gFuidance and legFislation', have in place up to date policies and procedures relevant to the staff, self-emploved therapists and volunteers ai)d the organisatioi)'s function; and to give advice and support in specialist areas. The Manageineiit Board regularly reviews its Reserve Fund, ensuring that this equates to an amount needed to adequately close the organisation down sl)ould circumstances made that necessary. Decision making Regular reports to the Board of Managemeni. including feedback on the results of tools used to measure ihe impact of the various pieces of work delivered bj the organisation, allow the Board to ensure that the work delivered bs, YCT continues to support its charitable objectives. This }'ear, significant time has, and is, being spent by the Board of Trustees on familiarising itself with the Charity Commission's Governance Code to ensure full compliance, that best practise is being attained on all 7 Principles, and that YCT'S legal and regulatory responsibilities are being achieved. Page 2

YOUNG CONCERN TRUST REPORT OF THE TRUSTEES for th¢ ear ¢nd¢d 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02?35097 (England and Wales) Registered Charity number 298984 Registered office YCT House Maddox Road Harlow E55ex CM20 3GA Trustees L Collins N Frost- Vice Chair M Ingall C J Liggins- Treasurer A Linion S J Livings {resigned l.11.231 J H Miles- Chair N Vamam - Company Secretary S Seales {appointed I 11.23) (resigned 1.04.24} S Fulbrook (appL)inied l.11.231 Independent Examiner Christopher Marsh MAAT Marsh Solutions Limited 82 Berechurch Hall RL)ad Colchester Essex C02 SRF Solicitors Attwater Jameson & Hill Roth￿..¢11 House West Square The Higli Harlow, Essex CM20 ILQ This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small comwdnies. Approved by order of the board of tnjstees on 4, September 2024 and signed 01) its behalf by.. s ISep5. 2024 L3'.50 GMT4LI J H Miles- Trustee Page 3

INDF.PF.NDF.NT EXAMINF.R'S REPORT TO THE TRUSTEES OF YOUNC: CONCERN TRUST Ind¢p¢ndent ¢￿amIner'S report to the trustees of Young Concern Trust ('th¢ Companv,) I report to the Chariry trustees on my examinaiion of the accounts of the Company for Ihe year ended 31 March 2024. Respon$ibiliti¢s and basis of report As the charit) 5 tTUStees of the Coinpany (at]d also its directors for the purposes of company law) you are respot]5ible for the preparation of the accounts in accordance with the requiren)ents of the Cornpanies Act 2006 (lhe 2006 Act,). Having sat15fied myself that the accounts of the Company are not required to be audited iit]der Part 16 of the 2006 Act and are eligible for independent examit]ation, I report in respect of niv examination of your charity's accounts as carried out uiider Section 145 of the Ch(Iritie5 Act 2011 ('the 2011 ALt'I. In carryin¥ out my exaniination I have ftsllowed the Directions given by the Charity Commission uiider Section 145(5} Ib) of the 2011 Act. Independent examiner's st#ternent Since your chdrity'5 ¥ro55 iiicome exceeded £250,000 your examiiier niust be a inember of d listed body. I Ciin coiifirin tliat l am qualified to undertake tlie exaininiltioii because l ain a meinbtr of the A550Liation of ALLOUllting Technicians, which is one of the listed bodies. I have completed my examination. I confirnj thai no matters have come io my attention in conneciion with the examination giving me cause to believe.. accounting records were not kepi in respeci of the Companv as required by Section 386 of the 2006 Act; or the accounts do not accord with those records. or the accounts do not compl}, M'ith the accounting requiremenis of Section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view which is not a matter considered &$ part of an independent examination,. or 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 accoiinis in accordance with the Fingncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}. I have no concerns and have come across no other matiers in connection with the examination to M,hich attention should be drawn in this report in order 10 enable a proper understanding of the accounts 10 be reached. Christopher Marsh MAAT The Associatioii of Accounting Technicians Marsh Solution5 Limited 82 Berechuich Hall Road Colcl)ester Essex C02 8RF Date.. 12109124 Page 4

YOUNG CONCERN TRUST STATEMENT OF FINANCIAL ACTIVITIES for th¢ ear ¢nd¢d 31 March 2024 31.3.24 Total fut]ds Unrestricted fiit]ds Restricted fut]ds Toial funds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 22,717 42,720 65,437 17,042 Charitable activities General cl)aritable activities 544,925 12,080 557,005 543,953 Investhient income Other income 8,088 8,088 2.556 5.880 Total 579,630 54,800 6i4,430 569,431 EXPENDITURE ON Raising funds 19,526 19,526 10,920 Charitable activities Gencral charitablc activities 551,211 56,885 608,096 533,362 Total 570,737 56,885 627,622 544,282 NET INCOMEI(EXPENDITURE) 8,893 (2.085} 6,808 25.149 RECONCILIATION OF FUNDS Total funds brought forward 409,159 22,916 432,075 406,926 TOTAL FUNDS CARRIED FORWARD 418,052 20,831 4i8,883 432.07) CONTINUING OPERATIONS All incL)me and expenditure has arisen from Clintinuing activities. The notes form part of these financial statsments Page 5

YOUNG CONCERN TRUST BALANCE SHEET 31 March 2024 31.3.24 Total fut]ds 31.3.23 Toial funds Unrestricted fiit]ds Restricted fut]ds Notes FIXED ASSETS Tangible assets 12 10,837 20,831 31,668 37,892 CURRENT ASSETS Debtors Cash at bank and iii hand 13 6A,)57 426710 6A,)57 426710 42,484 508 275 491,067 491,067 550,759 CREDITORS Amounts falling due within one year 14 (83,852) (83,852) (156,576) NET CURRENT ASSETS 407,215 407,215 394,183 TOTAL ASSETS LESS CURREf4T LIABILITIES 418.052 20,831 438,883 432,075 NET ASSETS 418,052 20,831 438,883 432,075 FUNDS Unrestricted funds-. General fuiid Fiscal Responsibility fund Premises fund Sustainability fund Development fund 15 84.7?8 133,689 100,000 49,635 50,000 126.178 83,346 100,000 49,635 50,000 418,052 409,159 Restricted funds TOTAL FUNDS 438.883 432.075 The charitable compaiiy is entitled to exemption from audit uiider Section 477 of the Cotnpanie5 Act 2006 for the year ended 31 March 2024. The n)embers have not required the compai)y to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Aci 2006. The trustees acknoi¥ledge their responsibilities for la) ensuring that the charithble company keeps accounting records that comply with Sections J86 and J87 of the Companies Act 2006 and preparing financial staiements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and i95 and which otherw'ise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ib) The notes form part of these financial statements Page 6 continued...

YOUNG CONCERN TRUST BALANCE SHEET- £onlinued 31 March 2024 These financial ststements have been prepared in accordance with the provisions applicable to Charitable companies subject to the small companies regime. Tl)e fiiiat]cial ststeinent5 were approved by the Board of T￿Ste£S and autliorised for issue on 4, September 2024 and were signed oil its behalf bv.. J Mi es (Sep 5, 2024 13".50 GMT+II J H Miles- Trustee C J Liggins- Trustee The notes form part of these financial statsments Page 7

YOUNG CONCERN TRUST CASH FLOW STATEMENT for th¢ ear ¢nd¢d 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operating activities Casli generated from operations 17 80,829 li8,844 Net cash (used in}/provided by operating activities 80,829 138,844 Cash f]ows from investing actii'ities Irchase of tangible fixed assets Interest received (8,824) 8,088 (8,983) 2,556 Nei cash used in invesiing activities 6,427} Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (81,565) 132,417 508 275 375 858 Cash and cash equivalents at the end of the reporting period 426,710 508,275 The notes form part of these financial statsments Page 8

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS for th¢ ear ¢nd¢d 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements and a5se5srnent of going concern The financial stateinents of the cliaritsble company, which 15 a public benefit entity uiider FRS 102, 1)ave been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statenient of Recommet]ded Practice applicable to charities preparing their account5 iii accordance with tlie Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191,, FiiianLial Reportin¥ Standard 102 'The Finaiicial Reportiii¥ Staiidard (Ipplicable in the UK and Republic of Ireland, and the Coinpanies Act 2006. The finaiitial statenients have been prepared under the historical c05t coiivention. The trustees consider that there are no material uncertaiiities about the Charity's ability to continue as a going coiiceni. The financial statements are presenied in £, Pound Sterling Income Inconie from non-contractual services is recognised in the Statement of Financial Activities once the charity has entiilement 10 Ihe funds, li is probable that the income will be received and Ihe amount can be measured reliably. Income from coniraciual services is recognised in the accounting period to which it relates with any balance being deferred. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the ¢harity to that expenditure, it is probable that a transfer of economic benefits will be reqiiircd in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated 10 activities on a basis consistent with the use of resources. Tangible fixed 855¢ts Depreciaiion is provided at the following annual rates in order to write off each asset over its estimated useful Freehold pr()pcrty Fixtures aiid fittiiigFs Straight line over 15 )ears StraiuFht line over 3 years Taxatio The charity is exempt from corporation tax on its charitable activities. Debtors Trade aiid other debtors are recognised at the settlement ainount. Prepayinents are valued at the amount prepaid. Cash at bank and im hand Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations. Creditors Crediiors are recognised where the charity has a present obligation resulting from a past event thai will resuli in the transfer of funds to a third party and the amouni due 10 seitle the obligation can be measured or estimated reliably. Creditors are recognised at their seitlement amount. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at Ihe discretion of the trustees. Restricted funds can onlTr 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. Further explanation of the nature and purpose of each ￿nd is iiicluded in the notes to the fingncial statements. Page 9 continued...

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ ear ¢nd¢d 31 March 2024 ACCOUNTING POLICIES- continu¢d Pension Costs and other post-retirement benefits The charitable compat]y operates a defit]ed contribution pension scheme. Coiitributions payable to the charitable conipany's pen5iOt] schenie are charged to the Statement of Fit]ancial Activities in the period to which they relate. DONATIONS AND LEGACIES 31.3.24 31.3.2i Donatioiis Graiits 16,426 361 65,437 17.042 Grants received, included in the above, are as follows.. 31.3.24 31.3.2i Diana Kemp Welch Award Charles S French Charitable Trust Essex Community Foundation Evelyn May Charitable Trust Fowler Smiih & Jones Trust R S Brownless Charitable Trust Shai)kly Foundaiion Tesco The Kell)J Family Trust Other Grants i 0,000 4,000 9,000 2,6iO 1,500 200 2.500 1.125 4,000 13,322 12,681 INVESTMENT INCOME 31.3.24 31.3.2i DepLlSit account interest 8.088 2,556 IIYCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Gcncral charitable activities Gcncral charitable activities Gcncral charitable activities General charitable activities Grants Counselling Income Trainiiig Income Proje¢t income 12,580 543,005 420 50,636 491,193 534 557.005 543,953 Grants r￿C]Ved, included in the above, are as follows.. 31.3.24 31.3.23 Children in Need Essex Couiity Council- Youth Services Harlow District Council- PE￿nership Gr[￿t 39,216 3.500 7,920 500 12,080 12,580 50,636 Page 10 continued...

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ ear ¢nd¢d 31 March 2024 RAISING FUNDS Raising donations aDd legaeie5 31.3.24 31.3.23 Staff costs 19,526 10,920 CHARITABLE ACTIVITIES COSTS Support costs (see note 71 Direct Costs Totals General chariiable aciivities 579,013 29,083 608.096 SUPPORT COSTS Governance costs General charitable activities 29,083 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. 31.3.24 31.3.23 Depreciation owned assets Independent Examination 15,048 14,371 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There w'ere no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Pagell continued...

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ ear ¢nd¢d 31 March 2024 io. STAFF COSTS The average tnondily number of employee5 durillg the year was as follows.. 31.3.24 31.3.23 All staff No employees received emoluments in excess of £60,000. 31.i.24 31.i.23 Wages and salaries Therapists Other pension costs 294,481 243,270 234,294 215,790 10,244 8,)93 539.019 390 285 Ke) Management The trustees consider the role of Key Management to be those of CEO12023 includes Lead Therapist). During the year the Ke}. Management received remuneration of £51,537 of Gross Wages, £2,197 of Pension Contributions and incurred £4.889 of Einplojers National Insurance contributions (2023.. Remuneration of £83,866 of Gross Wages, £i.276 of Pension Contribuiions and incurred £9,530 of Employers National Insurance contributions.) COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricied funds Restricted funds Total funds INCOME AND ENDOWMEIYTS FROM Donations and legacies 361 16,681 17,042 Charitable acti￿117¢5 General charitable activities 496,817 47,136 543,953 Investment income Other income 2,556 2,556 Total 505,614 63,817 569,431 EXPENDITURE ON Raising funds 10,920 10,920 Charitable activities General charitable activities 467,460 65,902 533,362 Total 478,380 65,902 544.282 NET INCOMEI(EXPENDITURE) 27,234 {2,0851 25,149 RECONCILIATION OF FUNDS Total funds brought forn+ard i81,925 25,001 406,926 TOTAL FUNDS CARRIED FORWARD 409 159 432 075 Page 12 continued...

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ ear ¢nd¢d 31 March 2024 12. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At l April 2023 Additions 151,946 7.649 30,907 1.175 18?853 8.824 At 31 March 2024 159,i95 32,082 191,677 DF.PRF.CIATION At l April 2023 Charge for year 119,767 10,640 25,194 4,408 144,961 15,048 At J l March 2024 130,407 29,602 160,009 NET BOOK VALUE At J l March 2024 29,188 2.480 At J l March 2023 32,179 5,713 37,892 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments 60.14) 4,214 38,771 3,713 64,357 42.484 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Other creditors Accruals and deferred income Accrued expenses 10,434 6,866 1,341 47,711 17,500 7,367 7,099 15,991 105,329 20,790 83.852 156.576 The balance of defe￿ed income relates to multi-)ear or non-cotemiinous contractual grants for counselling services as per the accounting policy set out in note l. Page 13 continued...

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ ear ¢nd¢d 31 March 2024 MOVEMENT IN FUNDS Net movement in funds Transfers be￿.e£￿ funds At 31.3.24 At 1.4.23 Unrestricted funds General fuiid Fiscal Re5pon5ibility fund Preinise5 fund Sustainability fund Development fund 126,178 83,346 i 00,000 49,635 8,893 150.343) 50,34i 84,728 133,689 i 00,000 49,635 409,159 8,893 418,052 Restricted fund5 YCT Propertj Fund 22,916 {2.0851 20,831 TOTAL FUNDS 432,075 6,808 438,883 Net inovement in fuiids, included in the above are as follows.. Incotning resources Resources expended Movetnent in funds Unrestricted fund5 General fuiid 579,6iO (570,7i7) 8.893 Restricted funds YCT Propertj. Fund cou115elling Funds {2.08il 54.800) {2.0851 TOTAL FUNDS 634 430 627 622 Page 14 continued...

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ ear ¢nd¢d 31 March 2024 MOVEMENT IN FUNDS- continued Comparatives for movement IN fuDds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fuiid Fiscal Responsibility fund Preinise5 fund Sustainability fund Development fund 248,180 40,505 13,605 49,635 30,000 27,234 (149,236) 42,841 86,395 126,178 83,346 i 00,000 49,635 50,000 20,000 i81,925 27,234 409,159 Restricted fund5 YCT Propertj Fund 25,001 {2.0851 22,916 TOTAL FUNDS 406,926 25,149 432,075 Comparative net movemeiit in fuiids, included in the above are as follows.. Incoming resources Re5011rces expended Movement in fund5 Unre5trieted fund5 General fuiid 505,614 (478,380) 27,234 Restricted fuNd5 BBC Children In Need Fund YCT Property Fund Counselling Funds 39,216 139.216) {2,0851 24,601 {2.0851 24,601 TOTAL FUNDS 569431 544 282 The f15cal re5pon5ibilit)' fund is a reserve fund de5i¥nated by the director5 in order to protect a¥ai115t an). sudden Ios5 of income. The atnount of reserves is set 50 as to eiiable the conipany to tneet all staff redundancy costs plus a provision for legal costs associated M'ith the wiiiding up of the orgFanisation. The Premises Fund was designated by the Directors to provide for any future large seale refurbishment or repair work. The Sustainability Fund was designated by the Directors to support core costs of the organisation during a period of gignificant transition. The Development Fund ￿'aS designated by the Directors as a provision for the future development of the organisation with a view of generating increased income streams in order to add further stabilitj. Essex Educational and Community Settings fund is for the restricted income relating to one to one counselling in schools, academies, specialist schools. alternative educational establishments, and colleges. West Essex CCG funds are for one-to-one plaN therapy for children aged 5-1 O and one to one coiinselling for }'oung people aged 11-18 living in Harlo￿, Epping Forest and Uitlesford.Harlow Council Partnership Grant suppons one to one counselliiig support for 11 25-year-olds in Harlow. Page 15 continued...

YOUNG CONCERN TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ ear ¢nd¢d 31 March 2024 MOVEMENT IN FUNDS- continued Children it] Need fund provides counselling for young people living within Harlow and surrout]ding villages who areaged 11-19 16. RELATED PARTY DISCLOSURES There were no related party tran5aLtions for the year ended 31 Marcl) 2024. 17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.2i Net income for the reporting peri¢KI (as per the Statement of Financial Actii'ities) Adjustments for: Depreciation charges Interest received {Increase)Idecrease in debtors {Decre&sellincrease in creditors 6.808 25,149 15.048 (8,088) (21,873} 72,724 14.371 (2,556) 74.08i ?7.797 Net eash (used in)Iprovided by operations 80.8291 li8,844 18. ANALYSIS OF CHANGES IN NET FUNDS At 1.4.2J Cash flow At 31.3.24 iyet cash Cash at bank and in hand 508.275 81,565 4?6.710 508.275 81,565 426.710 Total 508 275 426710 Page 16

YOUNG CONCERN TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for th¢ ear ¢nd¢d 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donation5 and legacies Donation5 GTants 16,426 49,011 361 16,681 65,437 17,042 Investment income Deposlt account interest 8,088 2,556 Charitable activities GTants Coun5ellin¥ Income Training Income Project income 12,580 543,005 420 50,636 491,193 534 557,005 543,953 Other income Roorn hire Total incoming r¢50urces 634,430 569,431 EXPENDITURE Raising donations and lega¢i¢s Wages Social security Pensions 17,085 1,793 648 9,600 903 417 19,526 10,920 Charit2ble activities Managcment and administrgtion Therapi%ts Pen%ion Premises costs Insurgnce Coniputer and internet costs Telephone PostagFe and stationery Office expenses TrainingF and siipervision Travel and subsistence Siibs¢riptlOl15 and publications Freehold property Fixtures and fittings 268,425 234,295 396 219,549 215,861 8,393 9,081 2,895 24,586 2,172 1,189 702 6,708 1,298 492 10,130 3,157 24,853 2,585 1,493 2,666 11,147 1,245 542 10,640 579,013 507,305 This page does not fL)rm pan of the siatutory financial statements Page 17

YOUNG CONCERN TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for th¢ ear ¢nd¢d 31 March 2024 31.3.24 31.3.23 Support costs Governance costs Wages Social security Pensions Sundries liidependent examination Annual ¥eiieral Ineeting L05ts Professional fees 18,662 1,696 700 14,489 1,076 517 1,392 1,577 740 I,i45 1,492 29,083 26,057 Total resources expended 627.622 544.282 Net income 6,808 25,149 This page does not fL)rm pan of the siatutory financial statements Page 18

Charities report- 22.2 Final Audit Report 2024-09-12 Created.. 2024J)9-05 By.. Chris Marsh [e-mail] Sl8lus'. Signed Tr8nsaclion ID.. CBJCHBCA4BAARYHd76AmkhAo8WJU-oZUsccTSIHcDO "Charities report- 22.2" History Document created by Chris Marsh [e-mail] 2024-09￿5- 12..44.'49 PM GMT Document emailed to J Miles [e-mail] for signature 2024-0905- 12..44..54 PM GMT Email viewed by J Miles liuliamiles1 @holmail.co.ukl 2024-094)5- 12".48."44 PM GMT DocLJment e-signed by J Miles liuliamiles1 @hotmail.co.ukl Signature Dale.. 2024-09-05- 12..50..32 PM GMT- Time Source.. server Document emailed to C Liggins [e-mail] for signature 2024-0￿05- 12..50..33 PM GMT Email viewed by C Liggins [e-mail] 2024-0905- 6.'43'.48 PM GMT Email viewed by C Liggins [e-mail] 2024-09-12- 2..50..17 PM GMT Document e-signed by C Liggins [e-mail] Signature Dale.. 2024-09-12- 2."55.'55 PM GMT- Time Source.. 88Ner Document emailed to Chris Marsh [e-mail] for signature 2024-09-12- 2..55.'56 PM GMT Email viewed by Chris Marsh [e-mail] 2024-09-12- 2..57..31 PM GMT Document e-signed by Chris Marsh [e-mail] Signalura Dale.. 2024-09-12- 2.'57.'54 PM GMT- Time sour￿.. server

Agreement completed. 2024-09-12- 2'.57.'54 PM GMT