REGISTEREO CHARfTY NUMBER: $24441 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MILFORD YOUTH MATTERS B8van Budtland LLP Charter8d Accountants C8sde Charnb8rs 6 Weslgate Hill Pembroke Pernbrokeshire SA71 4LB
MILFORD YOUTH IIATfERS CONTE14TS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page R•port of th• Tnht•05 1 to 3 Indopond•nt Examlnerfs Report stat•mert ot Flnanclal Aetlvlll Balanc• Sh••t P40ts$ to th• Flnan¢lal Slat•m•nts 7 to 11 Detslled Statement of Flnanclal Artlvltl 12
MILFORD YOiITh PaATTERS REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2024 The trustatss pre58nt their report th8 fw)ancial statements of tr* charity for the year ended 31 lch 2024. The truste8s hav8 adopted the provisInS of knounlin9 arKI Reporting by Charib"es.' Statement of Recommended Practice appllcable to thathles preparing Ihelr aoTrts In accordance wjth Ihe Finanrial Reportlng Standard appllcable In the UK and Republic of Irelarnl IFRS 102118ff8Ctive 1 January 20191. oBJECTPs AND ACTMTIES Oblo¢tlv•s and alms The object of the tharity is to act as a resource young perwe betsveen the ages of 11 to 25 living in Milford Haven and lh8 surrounding area by wovidin9 ad¢9 and as515tanc8 aThJ organising progrJnme5 of gdvEational. physical and other activities as a means ot. IA) helping young people to adva in Srfe by 4Yevdoping thoir skills. capaaties and ¢apablllUes to enable them lo partiupale in socw as Independent. mature and responsie individuals thebY enhanung their •mployabihty. IBI PTowding educational. recroatial and l•i$ure b.me activity in the inloresl of improvlng heamb a1 social weffare for young people Iiwng in the area ol benefit vtho have need by ason ol their youth. èJe. poverty or socL31 and enoMiC ¢ii¢umslances wth a wew to improvlng the condition6 of lsfe of such persons. Public benefft Milford Youth Matters e$t$ io assist young peopk aged 11 to 25 in their Iransitlon from dependence to iThJependerKe. lo achi6ve their full tM)lential as indivKluds and to become fuly funclionlThJ parbiipants in, and cA)nrt0[$ to, tx)th th8ir rA)miunities aThY society in general aTrJ therefore the Twstees believe this to of Publ benefft. Page 1
MILFORD YOUTH MArrER$ REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2024 ACHIEVEMENT AND PERFORMANCE Chafltablo actlvltles MiKord Youth Matters {MYMI h85 been an Active and vital part ol the Milford conwnunty during 2023-2024. prOVidng SUFQOrt. ernrKJwermenl, and opportuntti.es for l(tal young peoplg. The activitse5 and iiwtsatwe5 carried out duiillg th8 fin¢31 year 2023-2024 have conkn'nued to fLvJs on enh¥nTrng the wellbwng, personal dgvgloprnent, and comrnunity engagement ol young people in the area. This report oullines th8 aclivibes. achieve, and fina11 overviV of MW5 dwing the past yèar. and hiahlights key areas wh8r8 progress was made in suppoiting th8 needs of Milford'8 youth. Ouring the 202&2024 year, MYM provided a wHYe raNJ6 of prcrfJiams aimed at engagirwJ young people in positive, SUpprtNe, and enriching acli¥ilies. Tse progTatn$ were designed lo cater to a variety ol inte¥esls and agB groups. The key prcMJram$ included.. Our ¢knp In and youth dub sessK)ns offered a 581e and lun enwronrnent for ywng p80pl& to er¥J8ge in hObbS such 8S ari. sprKLs. hellbw"n9 and much Ire. Ovw 450 young PEO8 participat8d in Ihese opp(Mlunili8s, wilh rnany repor an incr8as8 in confidence and S1 interaclion. Undèrl1 BrKlge continued durfjng the summer of 2023 Brought to you ty yJth Matters and Ihe Port of Milfcd Haven, wth Ihanks io part hJnLling from sth Hook. The proie¢l is a #eta¢hed Y(th Provisw for young peor4e aged 11-17 from Milford Haven and surrounding areas. Ihs prclect airns to cover four key iopics.. safety, percepllon of clime, anti-social behawour and prcmoting skills and leaming. UThler the Bridg8 aimed to prOVe young peop5e in Milford Haven wilh engaging athmties duriTrJ Ihe suTnm8r holidays, using detsch8d youlh work methoddogy in an ar8a where young peoplg regtlady o)ngregats. 285 individuals paiti¢ipated Under the Bridge 2023 lo¥erall Fea¢hl. 802 contacts (overall 8ttendan¢81 were rnade in total over Ihe lrfot4me of tho projecl during 2023. MYM ran a series of workshops frKused on developiro leadership skills. These ses5ion¥ indudod guèst speakers. team4)uilding &c'vit5, and group discu55ions. During Ihi5 period over, 35 p8rtiopants t)k p8rt in varityjs OppOrtune$ and have gone on to lake leadership TLth in in our cornmunily-bas8d initiative5. With the ChaIJeS faced by young p80ple, particularfy in reLg1ion lo wdkb8ing, MYM gypand8d its f(Kus on wellbn9 initiatives. ITr collaboration 1th local organisatiotTS, we continued ¢0 expa1 opportunities for young peOe lo engage in K)Stti"ve ar¥J univefsal seNces. Kth'ttord Y(rth Mamers. in cdlaboration blith the Port of Milford Haven has continued Winter Wamr iniliabvè, whid) was an or9anised weekly event s8riÈs aimed at engaging the eA)mmunity during the o)Ider rTh)nlhs. Winter wamer took ple every Wednesday throughout Ihe Autumn and Winier seas(n. During Ihi5 riod, we undertook 5ev8ral Te5idpnlial opportunibes. These aclivities encouraged porsonal growth. t8amwork, r8s11nct. A rgsvJ8lltl81 camp and outdoor a¢venbJre days We delivered. This progrnm5 also emphasised envimnmental susta¥natslity. wth acb"vities designed to allow young people 1b opwjrtunty for Iree range fun and to nature. 'tsd Youth Matters continues to prioritise ccnrnunty invdvement, 8n$wing Ihat young pecylo are Tr)t onty supported bul also given OppOrtuneS to contribute to their IcKal area. In 2023-2024. MYM partnered with local charities and organisatK)ns to create volunteeri9 opportunrfies for y(xrth. More th8n 100 young peo& participated in environmèntal deanups. community events. and Charity fundraisers, such as our Mimoré Ytyjth Matters Charity Goll day. Mllf(d Haven Carnival and Pop Up Shop events. Youth-Lod Inilialives.. MYM SUPFKJrted youth48d ¢(mmunity projects, wh8r8 young peop48 look the188d on inilialtves Ihal adSe 81 needs for example our Charity G(4f Day ad¢essin9 the negative p8rcept)n of young people. These events also iTrduded organising Marketing events. community events and establishing links wth new local busin8sses also fuThrat5ing for Ioc81 rau8e8 and 8tarbng 8nvironment 8warenass carnpaigns. This year. over 30 youthA8d IoJectS were ccfflplet8d. Looking forward. MiKord Y(MJ¢h Matters Is commNted to ¢ontinuing to develop 8NI expand its programs lo meet the evokn.ng need$ of the young people in wr community. Key priorithes for the upcomiry year include ensuring we continue to provide open access and universal services Lo youTrJ people. create eslablish and deliver Ihe MYM Academy and ¢onbnu& lo develcp and 8USt8in th8 Popup Shop all led by and in cotsultation young perwe. The financial year 2023-2024 has be8n a SUC$$ful ore for K4Word Youlh M8itgrs, numerous athievements across youlh engagement. corNnunty Involvement. and finry81 sta'l1ty. As we k forward to th8 next y88r. are excited at*out the opportunities ahead to hjrther empower the young people ol 'If0rd Haven and surrwndiThJ areas. enstyir49 y ¢ontinue lo thrive, Igad, and contritXAte meaningfully to thew cofflmuDity. P8g• 2
MILFORD YOUTH MATTERS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IIARCH 2024 FINANCIAL REVIEW Reserv¢s policy Reserves of £208.592 ¢a$h at bank w8ra h81d at Ihe year end ol vknKh £110.258 a FEld in restricted funds. The charity recorded a surplus of £28,CQ3. The Trustees have revwd the financial posth.on and are satisfied Ihal th8 charty is able to continue in operation the foreseeable fuiure 8nd for at least th8 next Nvdv8 months. SYRU¢TURE. GOVERNANCE AND klAMAGEMENT Governlng docum•nt The charity is controlled by its goveming docum8nt, a d8od of trust and CLsluteS an Un¢Orporated charity. Rlsk managemont The trusiees understand Ihe requirements to monitor the risks facing the charity. Risk assessments are und8rtak8n by the (a)arWs manager. REFERENCE AMD AOMINISTRAnVE DETAILS Registewed Charity numb•r 524441 Prifieipal addr•ss Milford Haven Youlh C8ntre Priory Road Milford Haven PembrokÈshire SA73 2EE Trust••s C E Charfton Mrs S L King Mrs E F Allen Ind•pendent Examlner Bevan B(tcklan¢ LLP Chartered Ac¢ountanl8 Casde Chambers 6 West9ale Hill Pembroke Pembrokeshire SA714LB Approved by order of rd of tru5teBs on..... .............................. . . signed on ils behalf by". CECharf st Pago 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MILFORD YOUTH MATfERS Irtdependent axamlnerfs report to the tFUStee5 of Millord Yoth Matt• I report lo the charity Injstees cffi rny examination of the COUnts of Milford Y¢th Matiers (the Trustl for the year ended 31 March 2024. R•sponsibilitie$ and b•sl$ of report As the Charity trustees ol the Trust you are respons1? for the preparation of th8 accoun15 in aCcOlance the requ1ments of the Charihgs A¢t 2011 Ilhe ACVI. I report in respect of my examirsatKJn of the Trusfs accounts urried out under Section 145 of Aet and In rArrylng out my examination I have followed aN 4)plThble DeC.0$ glven by the Charity Commission under Section 14515llbl of Ind•pendpnt ¥amln•rfs slalement I have completed my exarninabon. l confirm that no rnaterfal matters have cL¥lle lo my 8ttonlion In connectbn vlth the examinats'on giving m8 Gguse to b81ieve that in any malerial respect.. accounting reoyds re not k8pI in respect of Ihe Tw5t a5 required by Sec¢} 130 01 the Ad,. or th8 acwJnt5 do not acets wlh tlh)se re¢(ds". or th8 accounts do not (x)mply %ilh thè applicabl6 requlrements cx)Trceming the form and CCten1 of account5 $8t out in the Charities (Accounts and Rermirtsl Regulath)ns 2008 oth8r than any r8quir8m8nl that t1 accounts give a tnje lair view vthich Is nol a matter con$idered as part of an Mdep8ndenl examination. I have no Cccem$ and have ccme across no other matters in connectton the ex8mlnatvJn to htch attenth)n should be drawn in this rermwt in order to enable a wop8r under51anding of Ihe accounts to be rea¢hed. Bevan Buckland LLP Charted Acc4yJntants Castle Chambers 6 W6slgat8 Hill Pembroke Pembrokeshire SA714LB Page 4
MILFORD YOUTH MAffERS STATEMENT OF FINANCI*L AcnviTES FOR THE YeAR ENDED 31 IAARCH 2024 2024 To ftjnds 2023 Total funds Unfestricl fund R¢stricied fund Nole5 INCOME AND ENDOVIMENTS FROM Donations and legaues 21.101 123.359 144,460 141.660 Cxher trading aCtiMe$ Investrnent incowTh• 10.662 2.080 10,662 2,080 B.223 329 Totsl 33.843 123.359 157.202 150.212 EXPENDITURE ON Ch•rftable activlti Provision ol seNces 20.537 108,662 129,199 137.274 NEf INCOME 13,306 14,697 28,3 12,938 RECONCILIATION OF FUNDS Totsl hJnd6 brou9hl forwawd 81,680 95.561 177.241 164.303 TOTAL FUNDS CARRIED FORVIARD 94.986 110.258 205,2M 177,241 The nol•s form part of these fiE)an¢ial ststements Page 5
MILFORD YOUTH MATTERS BALANCE SHEET 31 MARCH 2024 2024 2023 Notes XEO ASSETS Tangible assets 1.292 2.251 CURRENT ASSETS C85h at bank 208.592 178,738 CREDITORS Amounts falling due wthin Or 81 14.6401 {1,7481 NET CURRENT ASSETS 203,952 174,990 TOTAL ASSETS LESS CURRENT LIABILMES 205.244 177,241 ASSETS 205.244 177,241 FUNDS Unrestricted lund5 Restried funds 81.680 95,561 110,258 TOTAL FUNDS 205.244 177.241 rprKi81 st819nnts We approved by Ihe BO8 of Trustees and authorfsed lor issue .. and We ned on ts tehalf by.. on CECh - Tru5t8e S L lQ'ng- Trustee The notes forni part of the58 financial 5tatem•n15 Page 6
MILF(0 YOUTH MAftERS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUIMNG POLICIES Ba3 of pyeparlno the fina101 $tslements The finaneial stalements of the charity. vthickn 1$ a public benefit ents.ly undw FRS 102. have been prepared in ac¢ordan¢e with the Charities SORP {FRS 1021 Accounting and RertIng by Charities.. Ststernent of Recommend8d Practice apiCable lo chariknes preparing th8if acUntS in 8(xordanrs with the Financial R?porting Standar¢J applIcae in the UK 8niJ Repubhc of Ireland IFRS 102118ffective 1 January 20191,. Financial Rgporting standard 102 The Finanaal Reporb"ng Standard aprAKable in the UK aNI Republic of Ireland. and the Chawbti85 Act 2011. The financlal 5tstements have been prepared under the historical c051 cA)nvention. Incorn? All incom8 18 regniSed in 1he Stat8m8nt of FThrKial Actiwties ortC8 the charity has entiUem8nt to the funds. it is probabte Ihat the income wll be received and Ihe amounl can be m8asured reliably. Exp•nditur• Liat)ilib"es are fecognised as expendityre a8 soon as there is a kngal or conslruclive obligats.on mmi1n9 the Charty to that expenditure. it is probable that a Iransler of OnoMi¢ beneffts wll be quIre(l in settlement and the amount of the oblwJation can be m8asured feliably. Eypendilure is accnted for on an 8ccrua15 basis and h88 be8Tr rJas8ified h88dings th8t aggrwJatg 811 cost relaied to the cat8gory. Wh8r8 costs cannot b8 directty attruled lo particu18r headings they been allocated to 8clivilies on 8 basis D)nsistent wth the use of restyJrcès. Tan9lbl• fix asvts 08pre¢iatw provtrled at thg lolowiThJ annual rates in crfder to te off each assel over its estimthd useful Fthwes and fitts'ngs 20% on ¢08t Taxatlon The ¢hanty is exem0 fr(xn tsx on ts Charitse acth"vth"es. Fund accounting Unrestricted fd¥ can be used in acwrdance with th8 charftsble Objec% at thg disclOn ofthg Iw$tees. Reslncted funds can thy be w38d lor parli(lar restricted wrposes thin th8 objects of the charity. Restrictions aris8 wh8n sp8cifiwJ byth8 ¢Jonor or wh8n fufids ar8 raisad lor particular r8Stri(knJ pury)os85. Further explanali¢n of the nature and purpose of fund 1$ induded in notes to the financkql statements. Pension costs and oth•r poslthr•tir•mont benefits The charity op8fdies a d8fin8d contribubon n$)n 5¢hem9. contribubS payJblp to thg p9n5ion stheme are charged to the Statement of Financial kl'vifr'es in Ihe perir*J to whith they relate. Grant Income Reven grants ara r8cord at the dato thay arg r8ceivEd and capital grant5 ale in ling 1th lh8 expled useful lile ol the r81818d 8sset. I)ONATIONS AND LEGACIES 2024 2023 Donat$ Grants Olher inrA)me 19.249 124.991 220 13.520 127.885 255 144,460 141,660 Pago 7 contH1uj...
MILFORD YOM MArrERS NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 MARCM 2024 DONATIONS AND LEGACiES- continuod Gwts Yed. Ied in the atrfjve. ar8 a5 followE'. 2024 2023 Police Cornrni55ion6V$ Fund Youth Bank Milford Haven Port Authority Pembrokeshire C(MJnty GroUndwY>8 UK PAVS Communlty Waks street Garnes )n¢Jan¢o FtyJndats"on B & C E Charitsble Trust Mlllord Haven Town Counral Provldence Trairbing Youth CYMTU Percy Blio South Hook LNG 4.999 18.609 40.917 1.500 29.934 15.000 5,708 58.179 17.358 26.140 20.oc 692 5,OC() 2.4 720 4,000 124.991 127,885 OTHER TRADING ACYMnES 224 2023 FundrnL%ing events Pop up shop 6,626 4,036 3.018 5,205 10,662 8,223 INVESTMENT INCOME 2024 2023 Deposrt a¢nt interest 2,080 329 TRUSTEES. R&MUNEIIATION AND 8ENeFrrs There were no tNstses' remwerab"oTh oth8r benefits for Ihe year ¢nded 31 Marth 2024 nor for the year ended 31 March 2023. Th8rb w8r• no trusteos. oxpen$6s pahj for thg year ended 31 March 2024 nor fu tho YO ended 31 Marth 223. STAFF COSTS The av8r8g8 monNy number of emFdoye8s durlng the y6ar was as follows.. 2024 2023 Staff memb61s No emoYeeS Ved emL4um8nts in exee5s of £60,(1)O. Page 8
MILFORD YOUTH MATTERS NOTES TO THE FINANCIAL STATEMENTS- ¢onllnu•d FOR ThE YEAR ENDED 31 IIARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestrtcl8d fijrwj Re5trict8d Total tunds INCOME AND ENDOWMENTS FROM Donations and legaclès 18.475 123.185 141,660 other trading aclThilkn"es Inve¥tm8nt incom8 8.223 329 8,223 329 Totsl 27,027 123.185 150,212 EXPENDrruRE ON Charltable a¢tlvllles Provision of soMC0S 22,813 114.461 137,274 NET INCOME 4214 8,724 12,938 RECOMCILIATION OF FUNDS Total fund5 biou9ht foThvard 77.466 86,837 164.303 TOTAL FUNDS CARRIED FORWARD 81,680 95.561 177,241 TANG*LE FIXED ASSETS Fixlures and fittings COST At 1 Awil 2023 and 31 March 2024 6.240 DEPRECIATION At 1 Awl 2023 Charge year 3.989 959 At 31 March 2024 4.948 NET BOOK VALUE At 31 March 2024 1,292 At 31 Mafch 2023 2.251 Paga 9 continuad...
MILFORD YOUTH MATreRS NOTES TO THE FINANCIAL STATEIAENTS- contlnuod FOR THE YEAR ENDED 31 MARCH 2024 CREDtroRS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Taxatirm and social security Othèr credltors 3.635 1,(M)S 1,748 4,640 1,748 10. AI4ALY$IS OF NEf ASSETS BETWEEN FUNDS 2024 Tot fvnds 2023 Total funds Unr85trKted fund Re5trict8d fund Fixed a1$ Current assets Current liabilthes 1,292 94,699 11,0051 1.292 208.592 14.6401 2,251 176,738 11,7481 113.893 13.6351 110.258 205,244 177.241 11. MOVEMENT IN FUNDS Net movernent fund5 At 31.3.24 At 1.4.23 Unrestrfcted funds General fund 81,680 13,306 94,986 R•strictqd funds Restnct8d fijnd 95,581 14.697 110.258 TOTAL FUNDS 177,241 28.003 205.244 Nel ThovemeTrt in luThJ$. inclthled in the above are as fdlows.. Irming Resources elpended Moven)ent in lund$ Unrestricted funda Goneral fund 33,843 120,&371 13,306 R¢$trl¢tgd fund• Restricted fvjnd 123,359 1108,6621 14,697 TOTAL FUNDS 157.202 1129,1991 26,CQ3 Gomparatlv•s for fflovem•nt In fvnds Net movement in funds Al 1.4.22 31.3.23 Unr•stri¢ted fvnds G8neTal fund 77.466 4.214 81,680 R•8trlcted funds Restncted ftjnd 86,837 8.724 95.561 TOTAL FUNDS 164.303 12,938 177,241 Pago 10 continued...
MILFORD YOUTH MATfER3 NOTES TO THE FINANCIAL STATEMENTS- conllnuod FOR THE YEAR ENOED 31 MARCH 2024 11. MOVEMENT IN FUNDS- ¢ontlnu•d Cornparative n81 mv8rnent in lunds. fftc4uded in the abovo am as follo.. In¢omin9 Resources 8xpend8d Pkn8rnent in bjnds Unrèstrfctsd fund# General fvnd 27,027 122,813 4,214 R•strfet•d fund8 R8sthcW knnd 123,185 1114,4611 8,724 TOTAL FUNDS 150212 1137,2741 12.938 A current year 12 moniik% aThJ par year 12 nw)nlhs combined pCtsltn Is as foltims.. Nol movement in funds At 31.3.24 M 1.4.22 Unre5trlcted funds General fund 77,466 17.520 Re5trlcted fund5 Restiicted fund 86,B37 23,421 110.258 TOTAL FUPIDS 164.303 40.941 205.244 A curMI y8ar 12 mth$ aThJ prior y•ar 12 months ccthbivl n•t mowm8nl funds. includ8d in th• abov8 artr as folh)ws'. Incoming r8sources Resources exp8nded Movement in fund5 Unr•strlthd funds General futyj 60.870 143.3501 17.520 R•$tri¢t•d lund$ Restrkted fvmd 246,544 1223.123} 23,421 TOTAL FUPIDS 307.414 1266.473) 40,941 12. RELATED PARTI OISCLOSURES There were no related party transactions for the y88r 8nd8d 31 March 2024. P8ge11
MILFORD YOUTh MATTERS DETAILED STATEMENT OF FINANCIAL ACTl¥mES FOR THE YEAR ENDED 31 k•ARCH 2024 2024 2023 INCOME AND ENOOWMENTS Donations and l•gaci•• DcN)abons Grants Other irthm8 19,249 124.991 220 13,520 127,8B5 255 144,460 141.660 Othertsading athiti•s Fundraising ev8nls Pop up shop 8.626 4.036 3,018 5.205 10.862 8,223 Inw•$tm•nt In¢om• Deposrt aeeount interest Totsl Incomlng r••ouf¢ 157.202 150.212 EXPENDffURE Ch•rittibl• •etlviti•s Wages Pensions In$uran¢e Sundries Tfavd aTrJ subsislerte Projects and activily c0515 Fixtur95 fittings TS.007 2,781 68.791 3.405 921 1,019 123 58.100 1,858 43.542 959 125.143 133.321 Support costs Management Light and heal Telephone Staff trainiThJ and 8ccreditab'on5 1.116 1.191 1.087 540 1.569 1,631 3.938 3,450 Gov8rn8n¢• ¢05ts Postsge and $tab(bnery Repairs. maint8nan¢e and minDf equiw8nt 118 314 189 118 9)3 Total roswrces e4)8nd 129,199 137,274 N•t ineo•n• 28.CQ3 12,938 Thi5 P3g8 do not lorrn part of the statulory finanrial slatements Pa 12