2024-08-31-accounts - Prism Youth Project

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REGISTERED CHARITY NUMBER: 523503

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR PRISM YOUTH PROJECT

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

	Page
Reference and Administratve Details	1
Report of the Trustees	2
Report of the Independent Auditors	9
Statement of Financial Actvites	12
Balance Sheet	13
Cash Flow Statement	14
Notes to the Financial Statements	15

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST AUGUST 2024

TRUSTEES	Ms Susan Elizabeth Hemsley
	Ms Charlote Maxwell-Warrior
	Ms Tricia Stevens (resigned 26thOctober 2023)
	Mr Emmerson Walgrove (appointed 8thJuly 2024)
	Mr Mathew Moore (appointed 29thJanuary 2025)
	UK Youth (registered charity number 1110590)
PRINCIPAL ADDRESS	Walker Drive
	Girlington
	Bradford
	BD8 9ES
REGISTERED CHARITY NUMBER	523503
PRINCIPAL STAFF	Mrs Kate Corfeld (Headteacher)
	Miss Chrissie Marshall (Deputy Headteacher)
	Mrs Lauren Jackson Hamil (Deputy Headteacher/SENCO)
INDEPENDENT AUDITORS	BHP LLP
	New Chartord House
	Centurion Way
	Cleckheaton
	BD19 3QB
BANKERS	Virgin Money
	10 Austhorpe Road
	Crossgates
	Leeds
	West Yorkshire
	LS15 8DL

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024

The trustees present their report with the financial statements of the charity for the year ended 31st August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

BACKGROUND

Prism Youth Project was established to provide alternative education and support to young people who face significant challenges in mainstream educational settings. The charity was founded to address the growing need for specialised services that cater to pupils with Social, Emotional, and Mental Health (SEMH) needs and those at risk of permanent exclusion from mainstream schools.

Over the years, Prism Youth Project has developed a reputation for its holistic approach to education and its commitment to improving outcomes for vulnerable young people. The charity works closely with schools, local authorities, and families to provide tailored interventions that help young people re-engage with education, develop essential life skills, and build the resilience needed to succeed in their future endeavours.

At the core of our work is the belief that every young person deserves the opportunity to reach their full potential, regardless of their background or challenges. We provide academic support and social and emotional guidance, ensuring our pupils can overcome barriers in their education and personal lives.

Essential Services and Areas of Focus:

Alternative Education Provision: the charity offers a range of alternative education programs designed to support students permanently excluded from mainstream schools or at risk of exclusion. These programs provide a more flexible and supportive environment tailored to each pupil's needs.
Support for Pupils with EHCPs: We specialise in working with students who have Education, Health, and Care Plans (EHCPs), ensuring that they receive the specialised support required to meet their educational and developmental goals.
Family and Community Engagement: Prism Youth Project strongly emphasises working with families and the wider community to support the holistic development of the young people in our care. We aim to foster strong partnerships with parents and carers, providing them with the tools and resources to support their children’s education.
Skills for Life: Beyond academic support, Prism Youth Project offers a variety of programs aimed at developing life skills, resilience, and emotional intelligence, preparing young people for their next steps in education, training, or employment.

Since its inception, the charity has grown significantly, adapting its services to meet the community's evolving needs. Our commitment to innovation, inclusion, and positive outcomes for young people has driven us to expand our reach and impact across the region. The forthcoming incorporation and ambitious expansion plans will ensure that we can continue to serve the young people of West and North Yorkshire for years to come.

Reference and Administrative Details

The Reference and Administrative Details page forms part of this report.

Aims and Objectives

Prism Youth Project is deeply committed to supporting young people with mental health needs and those at risk of exploitation. These two vulnerable groups are often marginalized and face significant challenges in accessing the help they need. We aim to continue developing and expanding our services to ensure that these young people receive timely, specialised support that addresses their educational and personal well-being.

Supporting Mental Health Needs:

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024

Mental health challenges among young people have become increasingly prevalent, particularly in light of societal pressures, the impact of social media, and the residual effects of the COVID-19 pandemic. At Prism Youth Project, we recognise that mental health is critical to a young person's overall educational development and success.

We aim to provide enhanced mental health support through:

Tailored mental health programs: Offering group and one-on-one sessions focusing on coping strategies, emotional resilience, and therapeutic interventions.
Partnerships with mental health professionals: Collaborating with local mental health services and counsellors to provide students with the help they need.
Staff training: Ensuring our team has the skills and knowledge to identify early signs of mental health issues and provide appropriate support.
Protecting Young People at Risk of Exploitation:

Many of the young people we work with are at heightened risk of exploitation due to factors such as social isolation, family instability, and previous trauma. We aim to safeguard these vulnerable individuals by implementing targeted interventions to prevent exploitation and provide them with the tools to recognise and avoid risky situations.

Key strategies include:

Education and awareness programs: Offering workshops and information sessions on issues such as online safety, grooming, and criminal exploitation (including "county lines" drug trafficking).
Partnerships with safeguarding organisations: Working closely with local authorities, police, and social services to protect and support young people.
Building trust with students: Providing a safe, supportive environment where young people feel comfortable sharing their concerns and experiences, allowing us to intervene early if they are at risk.

Prism Youth Project is determined to make a positive and lasting impact on the lives of young people facing mental health challenges and exploitation risks. By continuing to develop these areas of our work, we strive to help these young people overcome barriers, build resilience, and move towards brighter futures.

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission's guidance on public benefit in reviewing current provisions and planning future services.

The charity aims to advance the education of young people under the age of 25 who are resident in the area of benefit (West Yorkshire, with a preference to Bradford Metropolitan District) through:

the provision of recreational and leisure-time activities in the interest of social welfare, designed to improve their quality of life; and
providing support, training and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

The Trustees are confident that despite the challenges ahead, the Prism Youth Project remains well-positioned to continue its vital work, particularly in supporting those pupils most in need. Our proactive approach to risk management, coupled with our strong governance structure, ambitious plans for growth, and the ongoing recruitment of trustees, gives us a solid foundation for sustainable development and long-term success.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024

Achievement and performance

This year has seen significant growth in our work with pupils with Education, Health, and Care Plans (EHCPs) and those permanently excluded from mainstream education settings. This increase is primarily due to our strengthened partnership with the local authority, which has entrusted us with supporting some of the most vulnerable students in the region. Our team has expanded its capacity and expertise to meet these needs, ensuring each pupil receives tailored support per their requirements.

OUR ACHIEVEMENTS

We are proud to share our major achievements and accomplishments at the Prism Youth Project, which aims to improve young people's lives and future prospects across Bradford.

Together with the West Yorkshire Police Action Team, we have launched a boxing club to engage young people in constructive activities that support reduced antisocial behaviour. This partnership creates a positive outlet for young people and instils valuable skills such as discipline, teamwork, and resilience.
To better support pupils with additional needs, we have introduced sensory rooms at the school. These spaces offer a calming, safe environment to enhance focus and learning, particularly benefiting Young People who face sensory challenges.
Breathing spaces Project: we have opened our farm site two evenings and weekends for young people from across the district to offer eco-therapy and an opportunity to work in the fresh air with animals and horticulture. Supporting young people to build on resilience, self-soothing, and the ability to seek support.
Chill Out project: This project ran one evening a week, allowing local young people to access a calm and inviting environment with discrete education around progression opportunities and support with homework/school work. We also looked at areas such as exploitation, relationships, and the environment whilst completing activities in sports, arts and crafts, bakery, and ice breakers.
The Freedom Project: To support, guide and empower pupils to have the skills and self determination to make their own independent choices to avoid or free themselves from being victims of crime, we delivered 10 bespoke 6 week programmes to small groups of young people during the day and at our evening youth groups. These were split into groups of girls and boys so that issues can be addressed for both parties in a confidential, supportive and nonjudgemental way. We will also offer 1 to 1 support where required.
To support our dedicated staff, we have implemented improvements to our working culture, including expanded financial benefits to ease the rising costs of healthcare needs, such as dental care. We believe these enhancements will strengthen our team's well-being and commitment.

DEVELOPMENT TEAM INITIATIVES

We have also established a Development Team with specialised roles to provide tailored support to our young people:

Restorative Development Worker: Focused on addressing the needs of Young People at risk of exploitation or involvement in criminal and anti-social behaviours, providing them with guidance and strategies for making positive choices.
Healthy Eating Worker: Educates Young People on balanced nutrition, empowering them to make healthy lifestyle choices.
Physical Activity Development Worker: Encourages active lifestyles that support physical and mental health, emphasising the importance of regular exercise.
Mental Health Development Worker: Provides eco-therapy and counselling services, offering Young People a therapeutic outlet for their mental health needs.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024

Sexual Health Development Worker: This worker supports young people in understanding sexual health and assists them in accessing healthcare services such as dental, optical, and GP appointments.

ONGOING PROJECTS

We are thrilled to have received a "Good" rating from OFSTED, a testament to the hard work of our staff and the quality of our programs. In addition, we are collaborating with the local authority to address emerging safeguarding needs and trends, including a new knife crime prevention initiative targeted at Key Stage 3 Young People. This project is designed to educate and prevent knife-related incidents by equipping young people with the knowledge and skills to make safe, informed decisions.

Principal Risks and Uncertainties

The Trustees have evaluated the major risks facing the charity and are confident that effective systems are in place to mitigate these risks. A risk register is maintained, and measures are implemented to address identified risks. The most significant risks and the strategies to mitigate them are as follows:

Diversification of income streams: The most significant risks and uncertainties facing Prism Youth Project are primarily financial, stemming from challenges in securing consistent funding from Bradford Local Authority, our primary funder. With the financial pressures on the Local Authority, there is a potential risk of funding reductions. To mitigate this, we are proactively diversifying our income streams by seeking alternative funding sources including grants and partnerships, to reduce our reliance on local authority funding.
Increased demand for services: With a growing number of pupils requiring our services, particularly those with SEMH needs, there is a risk that our resources could become overstretched. We are carefully managing our expansion plans to ensure they are financially sustainable.
New trustee recruitment: We have identified the need to recruit additional members to our Management Committee to support Prism Youth Project's ongoing growth and success. Finding suitable trustees with the necessary skills and expertise has proven to be a challenge, mainly as we work to expand our services and navigate the incorporation process. In response, we have begun contacting school governors' recruitment agencies to assist us in identifying and attracting qualified individuals. This outreach effort is crucial to ensure that our governance structure remains robust and can guide the charity through its next development phase.

Financial Review

The financial health of Prism Youth Project remains a critical focus for the Trustees and management team as we work to ensure the sustainability of our services and continued support for young people facing significant challenges. Our financial strategy is centred on careful budgeting, prudent financial management, and the diversification of income sources to reduce our reliance on any single funding stream.

INCOME

The charity received total income of £2,231,580 in the year from various sources, including:

Local authority funding: A significant portion of our funding comes from Bradford Local Authority for providing services to pupils with Education, Health, and Care Plans (EHCPs) and those excluded from mainstream education. However, the ongoing financial pressures on the local authority highlight the importance of reducing our dependency on this single source.
Grant funding and donations: We have successfully secured grants from charitable trusts and foundations, helping to support our work with vulnerable pupils, particularly those with Social, Emotional, and Mental Health (SEMH) needs. As we move forward, we are working to increase fundraising efforts and develop partnerships with more charitable organisations.
School partnerships: We also generate income through partnerships with local schools by providing tailored support and interventions for students at risk of exclusion.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024

EXPENDITURE

For the financial year 2023/2024, Prism Youth Project had an overall expenditure of £1,921,660, which covered the following key areas:

Staffing costs: The majority of our expenditure relates to the employment of our dedicated staff, which includes teachers, support workers, and mental health professionals. We continue to ensure that all staff salaries align with National Joint Council (NJC) guidelines, which are reviewed and adjusted annually.
Operational costs: This includes expenses related to the day-to-day running of our programs and facilities, such as rent, utilities, and materials needed for delivering our services effectively.

CAPITAL INVESTMENTS

The charity invested £149,375 in capital projects during the year. As part of our expansion plans, we are preparing for new site developments to accommodate additional Key Stage 4 and 5 students, with a particular focus on supporting those with SEMH needs. Through careful financial planning, we have successfully managed operational costs while setting aside funds for future capital investments.

SUMMARY

Despite the financial challenges and increased service demand, the charity has managed its resources effectively, resulting in a surplus of £309,920 for the financial year 2023/2024 (2023: £405,434). The surplus consists of a surplus of unrestricted funds of £329,931 (2023: £392,861) and a deficit of £20,011 (2023: surplus of £12,573) arising on restricted funds. This deficit arising on restricted funds is primarily due to timing differences between when funding is received and when it is spent. In some cases, funding may be received upfront, while the associated spending occurs in later years. Conversely, there are instances where expenses are incurred before the corresponding funding is received. These timing mismatches are inherent to the lifecycle of many projects and do not indicate a shortfall in overall funding. As the projects progress, these differences are expected to balance out, ensuring that restricted funds are appropriately allocated over time. Our overall surplus reflects the charity’s ability to manage its operations within its means while continuing to deliver essential services to vulnerable young people.

Reserves Policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a range between 15% of its annual core cost expenditure plus one month salary costs, and three month’s operating expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding or short-term financial disruption, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

The charity has a range of legal and moral responsibilities to funders of its services, to those who use its services, as well as contractual commitments to employees. At 31st August 2024 the free reserves of the charity were £373,565 (2023: £563,271). This equates to 19% (2023: 35%) of annual expenditure. This amount falls within the with the range specified in the reserves policy, set between £219,246 and £480,415. The reserves are regularly reviewed and adjusted to reflect changes in our financial situation.

In July 2024, the Trustees approved the allocation of £425,000 for future projects and capital works planned for 2024/25. This amount has been set aside in designated reserves.

Fundraising activities

Nearly all of the charity’s income arises from grants and contracts through which the charity is funded to deliver specified services. We do not actively fundraise from the public, no commercial fundraisers or participators are engaged. We received donations and grants from charitable trusts and foundations, corporate sponsors, and individual donors, all of which are actively pursued by our dedicated fundraising officer.

Fundraising in the charity sector has been regulated by the fundraising Regulator since 2015. However, the charity itself is not directly registered with the regulator. The Trustees are not aware of any failure by the charity to comply with this regulation and no complaints have been received in relation to any form of fundraising.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024

Plans For Future Periods

Looking ahead, the charity has ambitious plans to expand and diversify our support for vulnerable pupils and their families. Our key aims and objectives for the future include:

Building a Strong and Diverse Team: We plan to create a skilled and multidisciplinary team to work closely with schools in West and North Yorkshire. This team will focus on keeping pupils in school as an alternative to exclusions, providing in-school support, interventions, and training for staff to manage challenging behaviours and reduce the need for exclusions.
Parent Representatives: We will introduce parent representatives who will support families by helping them better understand the education system, advocate for their children, and navigate the complexities of special educational needs and alternative provision. This will strengthen the partnership between parents and schools, improving outcomes for pupils.
New Site for Key Stage 5: We are also looking to open a new site to support Key Stage 5 pupils with Social, Emotional, and Mental Health (SEMH) needs. This will enable us to serve more students in the region and offer specialised support tailored to their unique challenges. By addressing the increased demand for SEMH provision, we aim to reduce the number of excluded pupils and improve educational outcomes for those most at risk.
Expansion for Key Stage 5 in West/North Yorkshire: Recognising the growing need for post-16 (Key Stage 5) educational support in West Yorkshire, we are actively exploring developing a new site. This facility will cater to students with additional needs, particularly those at risk of falling out of education, training, or employment. This expansion will allow us to provide continued education and vocational pathways for students beyond Key Stage
Incorporation of Prism Youth Project: One of Prism Youth Project's most significant developments is the transition to incorporation, scheduled for 2025. Becoming an incorporated entity will allow us more legal protection and flexibility and enhance our ability to secure funding and develop long-term strategies for growth and sustainability. This move will mark a critical step in our evolution, ensuring that we can continue to serve our community effectively in the years to come. Although the process has been challenging and requires considerable time and resources, we are committed to seeing this through in 2025, as it will ultimately strengthen our governance and operations.

Structure, Governance and Management

GOVERNING DOCUMENT

Prism Youth Project is a registered charity; the governing document is a Scheme of the Charity Commissioners dated 20th September 2010, which replaced the former trusts of the charity.

GOVERNANCE AND MANAGEMENT

Trustees are selected from individuals who express an interest in the charity’s work and are committed to advancing its objectives. New trustees are formally appointed through a majority vote by the existing trustees. Their induction is led by the headteacher, with support from all Trustees, to familiarize them with the charity’s policies, practices, goals, activities, and their legal responsibilities under charity law.

The Management Committee, which includes the Trustees and the Senior Leadership Team, is responsible for the strategic direction of the Charity and overseas its policy, planning and finances. The Committee meets quarterly to set the charity’s general policies and review its overall management and governance. We continue to work closely with external auditors and advisors to ensure compliance with best practices in charity governance and financial reporting.

KEY MANAGEMENT PERSONNEL REMUNERATION

Remuneration of key management personnel is reviewed annually by the trustees. Annual salary adjustments are approved as per the National Joint Council (NJC) guidelines, ensuring that staff are fairly compensated. This policy ensures that we remain competitive and able to retain high-quality staff. Increases are made in line with the rise in living expenses, and due to a surplus in the budget, we have started to bring all salaries across the school in line with wages in special schools.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024

Disclosure of information to the auditor

Each of the Trustees has confirmed that there is no information that they are aware is relevant to the audit but that the auditor is unaware of. They have further confirmed that they have taken appropriate steps to identify pertinent information and establish that the auditor is aware of it.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards 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 business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 29 January 2025 and signed on its behalf by

Signer ID: K4NIWJ3V2Q... ~~………………………………………………..~~

C Maxwell-Warrier – Trustee

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PRISM YOUTH PROJECT FOR THE YEAR ENDED 31ST AUGUST 2024

Opinion

We have audited the financial statements of Prism Youth Project (the ‘charity’) for the year ended 31 August 2024 which comprise of the Statement of Financial Activities, the Balance Sheet, the Cash flow Statement 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 Financial Reporting Standard 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 charity’s affairs as at 31 August 2024, 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; and
have been prepared in accordance with the requirements of the Charities Act 2011.

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 responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 the charity'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 report of the trustees, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PRISM YOUTH PROJECT FOR THE YEAR ENDED 31ST AUGUST 2024

we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees 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 charity’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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 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 is detailed below:

the engagement Director RI ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the charity through discussions with management and trustees and from our knowledge and experience of this organisation;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of charity, including the Charities Act 2011, OFSTED regulations and employment law;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and trustees;
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit of the charity.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

making enquiries of management and trustees as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risks of fraud through management bias and override controls, we:

performed analytical procedures to identify any unusual or unexpected variances;
tested journal entries to identify unusual transactions;

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PRISM YOUTH PROJECT FOR THE YEAR ENDED 31ST AUGUST 2024

assessed whether judgments and assumptions made in determining accounting estimates were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims.

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 non-compliance. 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 FRC's website at: htps://www.frc.org.uk/auditors/auditassurance/auditor-s-responsibilites-for-the-audit-of-the-f/descripton-of-the-auditor%E2%80%99s-responsibilites-for. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Signer ID: LO0G8ECPQB... BHP LLP (Statutory Auditor) New Chartford House Centurion Way Cleckheaton West Yorkshire BD19 3QB

Date: 30/01/2025 GMT

BHP LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024

Note Income from Donatons 2 Charitable actvites Youth actvity 3 Investment 4 Other Total income Expenditure on Raising funds 5 Charitable actvites Youth actvity 6 Total expenditure Net income Transfers between funds 15,16 Net movement in funds 15,16 Funds brought forward Funds carried forward 15,16	Unrestricted Funds £ 6,033 2,175,223 33,363 62 2,214,681 26,237 1,858,514 1,884,751 329,930 (396,367) (66,437) 946,319 879,882	Designated Funds £ - - - - - - - 396,367 396,367 28,633 425,000	Restricted Funds £ 16,899 - - 16,899 - 36,909 36,909 (20,010) - (20,010) 27,996 7,986	2024 Total Funds £ 22,932 2,175,223 33,363 62 2,231,580 26,237 1,895,423 1,921,660 309,920 - 309,920 1,002,948 1,312,868	2023 Total Funds £ 52,754 1,972,983 8,032 400
					2,034,169
					23,141 1,605,594
					1,628,735
					405,434 -
					405,434
					597,514
					1,002,948

The notes on pages 15 to 24 form part of these financial statements.

A detailed Statement of Financial Activities for the year ending 31 August 2023 is shown at note 23.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

BALANCE SHEET FOR THE YEAR ENDED 31ST AUGUST 2024

£ 99,864 767,244 242,386	£ 60,630 161,184 582,593	2023 £ 383,048
		383,048 619,900
1,109,494	804,407
(302,944)	(184,507)

		1,002,948
		946,319 28,633 27,996
		1,002,948

The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2025 and were signed on its behalf by:

Signer ID: K4NIWJ3V2Q... ~~.............................................~~

C Maxwell-Warrier – Trustee

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2024

Note Cashfows from operatng actvites Net cash provided by operatng actvites 20 Cash fows from investng actvites Purchase of tangible fxed assets Interest received Purchase of investments Net cash (used in) investng actvites Change in cash and cash equivalents in the reportng period Cash and cash equivalent at the beginning of the reportng period Cash and cash equivalent at the end of the reportng period	2024 £ 381,865 (149,375) 33,363 (606,060) (722,072) (340,207) 582,593 242,386	2023 £ 470,175
		(29,836) 8,032 (1,184)
		(22,988)
		447,187 135,406
		582,593

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 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 to activities on a basis consistent with the use of resources.

Tangible fixed assets

Individual assets costing more than £10,000 are capitalised and included at cost (or deemed cost) or valuation at the time of acquisition. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows

Freehold land	-no depreciaton
Buildings (Farm)	-2% straight line
Building improvements (centre)	-2% straight line
Security fencing	-20% straight line
Fixtures and ftngs	-25% straight line

Expenditure is capitalised in the circumstances where it enhances the benefits of the asset in excess of its previously assessed standard performance, or where it replaces or restores a component of the asset that has been treated separately for depreciation purposes. Expenditure in relation to assets which does not meet these conditions is recognised as an expense in the year.

Taxation

The charity is a registered charity and as such is potentially entitled to tax exemption under section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

1. Accounting policies - continued

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.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity held for working capital.

Staff costs

The costs of short term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

Pension costs and other post-retirement benefits

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

2. Donations

For the year ended 31 August 2024 The Harry & Mary Foundaton Literacy Project-Sir Ken & Lady Morrison Mayor's Safer Communites Fund Ninevah Trust Skipton Building Society Charitable Foundaton Other For the year ended 31 August 2023 Chill Out Project LC CLA Charitable Trust ESFA The Green Hall Foundaton The Harry & Mary Foundaton Kellogg's Literacy Project-Sir Ken & Lady Morrison Network for Social Change Youth Music Project Other	Unrestricted funds £ 5,000 - - - - 1,033 6,033 Unrestricted funds £ - 2,400 1,200 5,000 - - - - 865 9,465	Restricted Funds £ - 2,000 7,660 4,880 2,359 - 16,899 Restricted Funds £ 4,892 - - 2,000 - 1,000 5,000 27,445 2,952 - 43,289	Total £ 5,000 2,000 7,660 4,880 2,359 1,033
			22,932
			Total £ 4,892 2,400 1,200 2,000 5,000 1,000 5,000 27,445 2,952 865
			52,754

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

3. Income from charitable activities

	2024	2023
	£	£
Young person related income	2,175,223	1,972,983

All income from charitable activities are unrestricted in both the current and previous financial year.

4. Investment income

	2024	2023
	£	£
Interest receivable	33,363	8,032

All investment income are unrestricted in both the current and previous financial year.

5. Expenditure on raising funds

Staf costs	2024 2023 £ £ 26,237 23,141

All expenditure on raising funds is unrestricted in both the current and previous financial year.

6. Expenditure on charitable activities

Staf costs Recruitment Sessional staf Accreditaton Actvity costs Animal care Project costs Equipment and resources Food Consultancy Transport net of contributon Volunteer expenses Learner incentves Travel & subsistence Training Share of support costs (note 7) Share of governance costs (note 8) Analysis by fund Unrestricted Restricted	2024 £ 937,126 798 191,022 3,237 14,146 16,973 4,038 90,668 14,638 25,223 4,118 21 1,220 5,878 19,462 1,328,568 544,895 21,960 1,895,423 1,858,514 36,909	2023 £ 1,001,723 2,028 17,165 1,231 17,820 22,305 1,347 16,564 16,257 55,306 31,902 92 2,105 5,716 20,542
		1,212,103
		369,371 24,120
		1,605,594
		1,574,878 30,716

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

7. Support costs

8.

Staf costs Other staf related costs Cleaning Insurance Postage and statonery Bank charges General ofce equipment Repairs and maintenance IT & connectvity Rent & rates Dues and Subscriptons Telephone Utlites Depreciaton Professional fees Publicity and Promoton Other overnance costs Auditors’ remuneraton – audit Auditors’ remuneraton – non-audit work Legal fees	2024 £ 71,688 12,943 13,820 20,783 13,460 1,087 49,386 191,408 7,145 42,977 25,937 14,120 16,589 26,105 23,566 13,865 16 544,895	2023 £ 50,713 4,634 30,563 5,855 18,631 32 29,312 125,718 2,113 10,309 9,390 10,708 17,437 25,347 26,582 - 2,027 369,371 2024 £ 15,000 - 6,960 21,960	Basis of allocaton FTE Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct 2023 £ 8,340 4,800 10,980
			24,120

Governance costs

9. Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2023: none).

One trustee received £21 relating to reimbursed travel costs incurred on charity business (2023: none).

10. Employees

The average monthly number of employees during the year was: Employment costs Wages and salaries Social security costs Other pension costs		2024 Number 35 2024 £ 928,771 82,773 23,507 1,035,051	2023 Number 45
			2023 969,589 80,760 25,228
			1,075,577

One employee received emoluments in excess of £60,000 but not more than £70,000 (2023: none).

The key management personnel of the charity comprise of the Trustees and the principal staff. The total employment cost to the charity of the key management personnel were £198,365 (2023: £131,458).

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

11. Tangible fixed assets

Building (farm) £ Cost At 1 September 2023 309,176 Additons 13,194 Disposals - At 31 August 2024 322,370 Depreciaton At 1 September 2023 108,957 Additons 6,183 Disposals - At 31 August 2024 115,140 Carrying amount At 31 August 2024 207,230 At 31 August 2023 200,219 12. Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 13. Current asset investments Deposit investments	Long Leasehold £ 50,000 - - 50,000 - - - - 50,000 50,000	Building improvements (Centre) £ 174,197 64,501 - 238,698 85,374 2,653 - 88,027 150,671 88,823	Security Fencing £ 22,868 - - 22,868 22,868 - - 22,868 - - 2024 £ 7,642 92,222 99,864 2024 £ 767,244	Security Fencing £ 22,868 - - 22,868 22,868 - - 22,868 - - 2024 £ 7,642 92,222 99,864 2024 £ 767,244	Fixtures and Fitngs Total £ £ 83,112 639,353 71,680 149,375 - - 154,792 788,728 39,106 256,305 17,269 26,105 - 56,375 282,410 98,417 506,318 44,006 383,048 2023 £ - 60,630 60,630 2023 £ 161,184	Total £ 639,353 149,375 -
						788,728
						256,305 26,105
						282,410
						506,318
						383,048

				99,864
				2024 £ 767,244

Deposit investment relate to fixed term deposit accounts which have maturity dates ranging from 95 days notice to 2 year fixed.

14. Creditors

Amounts falling due within one year: Trade creditors Taxaton and social security Accruals and other creditors	2024 £ 119,385 15,712 167,847 302,944	2023 £ 27,614 28,386 128,507
		184,507

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

15. Designated funds

Capital projects Farm Community Open Day BABIES Project Gym equipment Media equipment Post 16 spaces Cooking kitchen portable cabin SEN fair Projectors Portable Cabin - Girls group	Balance at 1 September 2022 £ 55,000 - - - - - - - - - 55,000	Movement in funds Expenditure £ (26,367) - - - - - - - - - (26,367)	Balance at 1 September 2023 £ 28,633 - - - - - - - - - 28,633	Transfers from general funds £ - 10,000 5,000 10,000 5,000 300,000 40,000 5,000 20,000 1,367 396,367	Movement in funds Reclassifcaton Expenditure £ (28,633) - - - - - - - - - - - - - - - - - 28,633 - - -	Balance at 31 August 2024 £ - 10,000 5,000 10,000 5,000 300,000 40,000 5,000 20,000 30,000
						425,000

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

16. Restricted funds

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

Natonal Lotery - Awards for All Chill Out Project LCF The Green Hall Foundaton Kellogg's Literacy Project-Sir ken & Lady Mayor's Safer Communites Fund Network for Social Change Ninevah Trust Skipton Building Society Charitable Foundaton Youth Music Project	Balance at 1 September 2022 £ 746 3,523 - - 1,664 - - - - 9,490 15,423	Movement in funds Income Expenditure £ £ - (746) 4,892 (4,079) 2,000 . - 1,000 (1,000) 5,000 (5,004) - - 27,445 (7,445) - - - - 2,952 (12,442) 43,289 (30,716)	Balance at 1 September 2023 £ - 4,336 2,000 - 1,660 - 20,000 - - - 27,996	Movement in funds Income Expenditure £ £ - - - (3,376) - (2,000) - - 2,000 (3,660) 7,660 (5,141) - (20,000) 4,880 (373) 2,359 (2,359) - - 16,899 (36,909)	Balance at 31 August 2024 £ - 960 - - - 2,519 - 4,507 - -
					7,986

Purpose of restricted funds

National Lottery - Awards for All -This is a one-year grant to fund sporting equipment to offer the young people more activities and improve Facilities. Chill Out Project LCF -This is a two-year grant to cover costs for a two-year evening project for young people to meet new friends, have fun, learn new skills and be creative by doing a variety of activities to enhance their confidence, selfesteem and wellbeing and increase their aspirations for the future. The Green Hall Foundation -Funding towards building a Therapeutic Sensory Garden at the City Farm. This multi –sensory garden will be specifically designed to engage the senses and provide a relaxing stress free space for our young people with special educational needs and also for our volunteers who may suffer from anxiety and mental health issues. Kellogg's -Funding awarded specifically to help to support the running of our Breakfast Club and to aid its future sustainability at Prism Independent School. Our Breakfast Club encourages social interaction with other pupils and provides a nutritional breakfast for some of the most disadvantaged young people.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

16. Restricted funds – CONTINUED

Literacy Project-Sir Ken & Lady -This is a two year grant towards funding staffing costs for the two year Literacy Project which offers personalised one to one support to young people with Special Educational Needs to enhance their confidence.
Mayor's Safer Communities Fund -Funds the Freedom Project which will support, guide and empower young people to have the skills and self determination to make their own independent choices to avoid or free themselves from being victims of crime.
Network for Social Change -Awarded £20,000 towards the staffing costs of a specialist mental health youth worker on our Breathing Spaces project at our City Farm which uses Eco therapy to support young people. Eco therapy is a personalised approach to preventing, managing and aiding recovery of mental health issues.
Ninevah Trust - Funding for the cost of materials to fit a new poly tunnel skin and buy timber and tools and resources to enable young people and volunteers to build raised beds and gain new skills in the outdoors at our inner city Farm, fully utilising this diverse training resource that has a proven track record of using horticulture and green space to improve the employment prospects health and wellbeing of its users.
Skipton Building Society Charitable Foundation -The funding from this grant enabled us to buy 2, brightly coloured sustainable heavy duty metal 8 seater bench and table sets for our outdoor chill out space for young people to enjoy.
Youth Music Project -We raised funds for the new music project using quality equipment & resources for all young people attending Prism to increase skills and knowledge in music production, design and development and instrumental ability and achieve accreditation

In addition to the restricted funds above, in 2023/24 CLA Charitable Trust awarded Prism unrestricted funding of £2,400 towards building 2 new animal shelters at the City Farm.

17. Analysis of net assets between funds

Fund balances at 31 August Tangible assets Current assets	Unrestricted funds General Designated 2024 2024 £ £ 506,318 - 373,565 425,000 879,883 425,000	Restricted funds 2024 £ - 7,985 7,985	Total 2024 £ 506,318 806,550 1,312,868	Unrestricted funds General Designated 2023 2023 £ £ 383,048 - 563,271 28,633 946,319 28,633	Restricted funds 2023 £ - 27,996 27,996	Total 2023 £ 383,048 619,900
						1,002,948

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

18. Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year Between two and fve years In over fve years	2024 £ 10,307 38,060 4,464 52,831	2023 £ 8,834 6,978 3,710
		19,523

19. Related party transactions

Mr P Craven

Mr P Craven is the father of a member of key management personnel and was employed by the Charity in April 2021 until December 2022. The charity paid Mr P Crave a gross salary of £11,471 in the previous financial year.

Mr P Corfield

Mr P Corfield is the Husband of a member of key management personnel and is employed part time at a cost of £18,665 in the year (2023: £11,533). Mr P Corfield has been employed since 2006.

20. Reconciliation of the net movement of funds to net cash flow from operating activities

Net income for the reportng period (as per the Statement of Financial Actvites) Adjustments for: Depreciaton charges Interest received (Increase) in debtors Increase in creditors Net cash provided by operatons nalysis of cash and cash equivalents At 1 September 2023 £ Cash at bank and in hand 582,593 582,593	2024 £ 309,920 26,105 (33,363) (39,234) 118,437 381,865 Cash fows £ (340,207) (340,207)	2023 £ 405,434
		25,347 (8,032) (42,622) 90,048
		470,175
		At 31 August 2024 £ 242,386
		242,386

21. Analysis of cash and cash equivalents

22. Analysis of changes in net debt

The charity had no debt during the current or previous financial year.

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

23. Comparative Statement of Financial Activities

Income from Donatons Charitable actvites Youth actvity Investment Other Total income Expenditure on Raising funds Charitable actvites Youth actvity Total expenditure Net income Transfers between funds Net movement in funds Funds brought forward Funds carried forward	Unrestricted Funds £ 9,465 1,972,983 8,032 400 1,990,880 23,141 1,574,878 1,598,019 392,861 26,367 419,228 527,091 946,319	Designated Funds £ - - - - - - - - - (26,367) (26,367) 55,000 28,633	Restricted Funds £ 43,289 - - - 43,289 - 30,716 30,716 12,573 - 12,573 15,423 27,996	2023 Total Funds £ 52,754 1,972,983 8,032 400
				2,034,169
				23,141 1,605,594
				1,628,735
				405,434 -
				405,434
				597,514
				1,002,948

Document ID: a81d73cd6d11874734d4ee5d112fe9fc31078cec8f740c22297ea018e92bf6c2