RRL Charlty reglstratfion number 8016B8 Company reglstratlon number 02369817 (England and Walesl YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees T Easkn)d R Hartley CH Wells S Hedger D Ight M Pascoe Secretsry T Easkn)d Chlèl Exècutlvè MrNSmth Tr•a8ur•r Mr C WÈlls Patron Hon EAH Boscawen Charlty number 801688 Company numb•r 02369817 Prlnelpal addr•88 The House Youth Centre C8tyon Road ST AUSTELL Comw811 PL2S 4DB Regl¥teTrd tsffl¢e The House Youth Centre Cartyon Road ST AUSTELL Cornwall PL25 4DB Audltor RRL LLP Peal House Newham Road TRURO Cornwall TR1 2DP Banker8 Royal Bank of Scolland 2 Old Tovm Streel PLYMOUTH Devon PL1 10P
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) CONTENTS Page Tnjstee's feport Statement of trustee's responsibilities 11 Independent audito¢s report 12-15 Statement ol financjal activitie 16 B8lan¢e sheet 17 Slalemenl ol ¢gsh flows 18 Notes to the financial statements 19-33
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report and financial ststements for the year ended 31 March 2023. The financial statements have been prepared in accordanc£ with the accountsng poliaes set out in note 1 to the financial statements and compty with the charity's Memorandum and thcles of Association. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Reoommended Practice applicable to charities preparing their accounts in accordance wilh the Finan(ial Reporting Standaid applicable in the UK and Republic of Ireland IFRS 1021. las amended lor accounting penods commencing from 1 January 20191. Oblectlve8 and actlvltles Thè chArity exists lor the purpose ol thè social educalion of young peoplè aged 8-25 years by supptsrting and developing the WO of various youth organisations and to enhance youth provision wrthin Cornwall through the development of projects which addsS youth issues. We aim to achieve the follovAng objectives.. To support children and young people. especialty. but nol exdusivety. those most at risk to en8ble thern lo realise their full potential and lo facilitate their social and personal development. 2. To provide programmes and Projecls that address issues that place young Peop at risk. 3. To broaden children and young people's aspirations and horizons by providing them with 8 range of opportunities that are innovative and challenging. 4. To support and empower youth groupslclubs and build their capaaty to enable young people wlthln thelr communrty to make a positive contnbulion. S. To ralse the profilè of young peoplè wthln lh& ¢ommuntylcounty and to Cobrate their achi8v•menl$. Our proje8 work alongsicle young ptrople en8bling them io 8c¢e$8 a wide variety of positive 8Cts'vits'e$ induding sports work. outdoor activities. music. dance. issue-b8sed workshops and educ8tion and tr8inin9 OPPQrtunilies. We run dedicated projects pro¥iding support to young people expenenung unemployment, mental health issues & violence within the communty. Our projects enable young people to build their confidenc&, selfosteem, teamwork and COperatIon skills and (heir abilty to make positive and Infornd choices. Publlc beneflt The Gounril of management have relerred lo Ihe guidance in the Charity Comrni55ion's general guidance on publi bènÈfit when iÈviewing thè aims and objectives and in planning luture activrties. In particular, thè council of man8gement consider how planned actNities will contnbute to the aims and objecti¥es set and the Impact they have on our beneficiaries. The main beneficiary ol our work is young people aged 8-25 years old living in Comwall, but the trustees also recognise the work ol adurt volunleers who. in providing support services to young people in their community, also become beneficiaries through aw*s5ing aclivitie5 we deliver such as training and accreditation opportunrties.
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The public benefit that arises from our work are as follows-. Young people & their communibes are given support to ensure that they gain a sense of usefulness. purpose, value and belonging enabling them to become actwe crtizens and contributing to community hesion. 6. Th8 heatth & edurats'on opportunrties for young people in Comwall are improved and piomoted and young people are better equipped to make posrtNe and lrfe enhanang dec4sions that will lead to improved physical and mental health and fulIMent. 7. Young people and their communTties feel safer and stronger which results in improved democratic engagernent of young people. inc8$ed wnfidence in young people and less need for the involvement of the criminal justice system. Cornrnunities are able to provide $pa¢e$ & places lor young people to meet with each other, gain a¢¢ess to support $8NUS and 8 rang¢ of activth.ès which ntribUts to indmdual, famity and communty wèlkbelng. Revlew of a¢VItIeS and future developments The specific projects currently in progress and a review ol each project's activrties are shown on page 4. These projects enable us lo fulfil ovr charitable objectives of providing opportunit5 for young people lo enable them to grow and devèlop as individuals and posibve members of society and fijffilling ouf public benefrt rèquirement. Aehl•vom•nts and pèrfom)ane• ststlJtlc$- 2022123 Partlclpant•'. (where a young person Is knovm to a wth*er by name and Is reglstered on our databasèl.. 2345 young people aCSSed our d1cl services on a gUlar basis during the year. Avtsr8gts agè of partiapanl.. 15 years 3 months. R•aeh: Ithe number of young people our servkes meet durlng our activrties and campaigns) In 2022123 the organisabon reached $321 young people liwng in Comwall achieved through work in schools, direct work, youth dubs that we continue to support. large evenls. acbvity programmes, sporting events and project work. Imp•¢t'. In considering the impact our work has on our beneficiaries we routinety collect direct fèe¢Jback from young peopl8, parents and stakeholders in order to demonstrate the success of our work. Below are a Selection of wmments recorded in Ihe financial year 202W23 Irom parents of young people accessing our provision. "The sessions pmvKYed lor h8r èllowed X to tèlk èbout whèt wss n6gètive in lrfe gnd mfrnme h&r thotjghts lor the better. Thank you for your help in dealing with her panic and &nxiety levels and tmly appCiate Ihe time and commitmenl you give to those young people who need a supportive space in their lives, °Youryouth worker was bnllianl al IA8lening to Y8nd we felt Ihal she really wanted Y to achieve h8rgo818° "The youth club has made so much rfenCe to Z. he is more confident, has fnends and is MO able to communicate with us and adults. Thank you so much for all the wort( you do, it allY has been life changing for Z,
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Our staff are trained in a transfomiats.ve evaluab.on process which generates 'Signthcant Change Stories. that help young people and oursefves to articulate the impaci of our woth in the words ol young people themselves. Some of the comments recorded during this process are as follows.. °The buGk81 just do8sn'l fe81 as ov8n7owry. Als like I'M th8 one who knows how lo 8mpty the buGk81 règulBrly r6th8r than just ¢rwng and tltr8 bucketspill$- ' I never Ihought it would be possible lo get lo Ihe wnt where I dth'l need to Oo my routines and it leels like a massive weight has been lrfted" .1 felt really b8liev8d listen8d lo. like they Tr8ltycared" "Aftèr coming out of schotsl bècause I was as bullied. I wasn't d<wng 8 lol. Sin¢e Sttending youth groups I le61 like I have sOm6Whe Èo go Ihat I feel sale al.- In addition to generating Signrficanl Change Slories. we use the Outcomes Stsr to measure the impact of our work on the lives of young people accessing our seryirEs. My Mind Slar helps us ascertain individual changes in beh8viour. The tool captures where youn9 people are and Iheir progress in 7 are85 of their lives, 811 of which are considered essential lo contribute to the personal and soual developmenl of a young person. Young people are asked to fill in the'my Mind Star. (supported by a youth worterl al the beginnin9 01 a project or intervention and then do the same at regular Intervals throughout their involvement with the proiecl. The results are then collated and can show demonstrable progress in the 7 areas and as suth indNidual outcomes can be hhlIghted and Ihe impact of our inlervenlions measured. The following ¢Ji8tsn¢e Iravtslled chart 1$ based on Mrtetytrnlions made wth young people bthtren April 1* 2022_ March 31 It 2023 and shows data relerring lo 647 young peopl& assIng our $eNi¢e$ who ¢ompleled a Star. 92QA ol young people a making progress in at least one outcome aa whilst 67% of young peop engaged are making progress in at least three outcome areas. 68% 01 young people accessing our services are showing progress in managing their feelings & ernobons & 57% of young people are reporting an improvement in their sell- esteem. Only 35V¢ ol young people are showing progre55 against the 'Where you live, outcome which may be an after-eflect of the Covid pandÈmi¢. 11 1$ worth noting Ihe hwher percen9¢$ ol youn9 people 'droppin9 back, in the 8r6as of friènds & relationships, school, trainin9 & work & how you usè your timè. Furthèr èxplorolion gnd 8noty$is of this will be undertaken over the next year to see il this is a trend & why this Is happening. Star Online DistarKe-travelled Rep)rt How much prozre5s are people makifflz ITr each outcoffle 4rea7 whweI FilendS&rdatl$bsps 5th¢d.Iralniry&wtyk HQ4¥5UseSThrtimP i( SdFe5toern 20
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 As part of our eontr8Ct to deliver support for young people with mental heamh issues we are obliged to use the IAPTUS system to record data for use in the National Minitnum Mental Health Data Set. This system tells us that in 2023123 our WelBeing PractrtJ"oners worke¢J wth 230 young people & provided 2306 appointments to young people. The main reasons for being felerred lo us were young people experienang anxiety and depression. The system tracks a range of outcome measures and infonns us that 62V4 of young people showed a reliable improvement in their mentsl heatth whist 96% of young people felt listened to. Prol•ets Zeb8 youth dropin centre and café based in Truro. Offering day and evening drop4n and training opportunities including music, catering. independent living. arts and crafts and issue4Jased projects. The venue provides information, advice and guidance lo young people on a range of issues, posibve activities and opportunities for personal and sorial development. H•ar Our Voleo young peoplè's mental health project offws ovtrèad) 8eJo$s the county. The projèct offèrs support and advocacy to young people wrth. and those at risk of. mental health problems. The project helps facilitate the children and adult mental heah services ICAMHSI children and young people's boar(J where young people can actively inform the commissioning process and ensure their views a heard when service delivery is being planned. The project also deliver5 the welbeing practitioner programme. Funded ty Kemow Clinical Commissioning Group. Heatth Education England. Exeter Universty and Ihe Dept. of Health. Th• Hou$¥ Youth C¢nir* is a town cent based youlh dub in Sl. Auslell. The centre provides infomalion, advice 8n¢J guidanc8. ptssitivè activities, musi¢ work antl i$suè-ba$ed workshops. The ¢entrè h8s dedic8ted musi¢ and café facilities and is the onty open asS youth centre in St. Austell funded by St. Austell Tovm Counal and others. Insplre Project: Originalty funded by the Big Lottery Fund this programme 5UPPOrts the partifApalion of young people on 8 range of decision-making panels. Parl8h Youth Partn•rnhlp.' A partnership projecl which aims to provide youth servlces for young people In9 In the parish of St. Agnes and is funded by Big Lottery Fund & St. Agnes Parish Counal. Attune.. The ATTUNE research collaboration is seeking to expl the indNidual. environmental, social. economic. educational and geographical faclors Ihat have an impact on the mental heallh ol young people, both positive and ne9alive. Young People Comwall 15 responsible for the paiti¢ipation ol young people a0$5 Cornw811 in this nationalty $ignth¢8nl pie¢e of work. You Declde: Originalty funded by Big Lottery Fund, the project targets communities across Comwall and offers positive activities for young people and opporbjnrties for them to get invofved in developing local youth provision alongside community representatives. Welght Management pro11= Funded by Kernow Clinical Commissioning Group, this project provides 1-1 support for young people experiencing issues around their weight and offer intervenb.ons to help Ihem become nre athve. LDA (Learnlng Dlfflcultles & Autlsml PartIcIpaon. Funded by Kernow Clinical Commissioning Group to work with young people & professiona15 to ensure the voices of young people with LDA are heard vthhin commissioning I procurement slnjclures. Natlonal Cltlzen Servlce INCSI (finished December 20221: Open lo all 16117-year-olds in Englan¢J, NCS bnngs together young people from dffterent backgrounds an¢J helps them develop greater confidence, self-awareness and responsibility. It encourages personal and soual development by working on skills such as leadership, teamwork and communication. Partiripants take part in two weeks ol residential based work with a focus on outdoor activities and social action followed by two weeks of planning and running their own sori81 action projecl within their own cornmunty.
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Vletlm ol Crlm• Prol•ct= Delivered in partnership wrth Young Devon and funded by the Office of the Police and Crime Commissioner. This project provides support lo young people who have been victims of crime, offering them support, advocacy and individualty tailored iniervenlions designed lo address feelings of isolation. loneliness. anxiety & loss. Creatlv8 Art Therapy.. Th8 Creativ8 Art PToject supports children & young people who are accessing CAMHS services and the well-being practrtioner seThice. It provides Ihem with opportunities to engage In creative art-based activities that support their return to good menlal heahh. Headstsrt A Big Lottery Fund Project delivered through Cornwall Council and The Learning Partnership for Comwall 8nd the Isles of Scslty. rned at increasing the emotional resilience of young people 8CTOSS the county lo enable them to better deal with mentsl heafth issues. Young People Cofflwall has bèen commissioned to provide communty and youth facilitators to provide direct interventK)ns to young people who have been identified as having ear signs ol mental health issues an¢J lo provide training and support to community groups to enable them to work vmh and provide localised support to young people. Volunteers A traditional function of Young Pèople Comwall is to support volunteèrs vh)0 hèlp wn communty lèd youth groups. Whllsl the charrty has no direct lunding lo provide this support. we support volunteers in these settlngs by providing a range ol services Including providing D8S checks. MOte advice around govemance issues and training opportunities. In the last year we supported 2S youth groups & 56 volunteers helping to provide essential services lor young people in their communilies. In 8ddili¢n lo supporting volunteers in the ¢ommunity, we are also ftsrtunal8 lo have ho$l•d ovtrr 42 volunteers whts worked within our dire¢t delivery projeds over the last year. These volunteers brought 8 host of expertis? and activities to the sessions we deliver indudin9 dance wothshops, cookery & lood progiamm&s, DIY, minibus driving, employment related workshops etc. The trustees ol Young People Comwall would like lo thank all of those volunteers who give their tirne so generousty lo ensure that young people can access yovlh activities ac¥os$ Cornwall. Work lor and wlth oth•r organl$atlon• The charity assists other organisalions to futhl their objectives. This work can fomi an income for the charity and the gross income is ported in the notes to the accounts. We aim lo continue to support organisations who can contribute lo furthering our aims of increasing and provKling opportunities for young people living in Comwall and to establish partnership3 which promote qualty work th young people. Young People Cornwall Is an affiliated organisabon of UK Youth and supports them to achieve their aims and objectives. Young People Comwall is a member of the The Leaming Partnership for Comwall and the Isles of Scilty, Comwall Voluntary Sector Forum, Safer Comwall and the Our Safeguarding Chil(Jren Partnership IOSCPI and works closety wth Ihese organisalions to ensure that we a able to inlluence strategic decision-making al a county, regional and national level. We have worked closely wth a range of partners including the One Vision Board foi Cornw811 and the Isles of Scil lone Vision Partnership 8oardl, Comwall & IOS NHS ICB, Comwall Foundation Trust, locality based youth work teams and other organisations who have a vested interest in the lives ol young people such as Truro City Council, St. Austell Town Council, parish councils. resident assoc3ations and wmmunity groups. Partnerships and collaborations Young People Comwall is involved in a Tange of partnerships and collaborations which enable us to improve our services and respond to the diverse needs of young people living auoss our county. We would like to thank the following organisations who support our work..
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Comwall VSF, Kooth, Xen20ne, Penhaligon's Friends, First Light, Young Devon, SPACE services for Young People, We Are With You, Victim Care Unrt. Devon & Comwall Police & Crime Commissioner, CAMHS. Brook. NHS Comwall & Isles of Salty ICB. BF Adventure. University of Sl. Mark and Sl. John. Safer Comwall. Safer Streets. Youth Justice Board. Comwall & IOS OSCP. StAustell Town Counryl. Truro City Council. Ly5kerrys Youth. Newquay Youth Cenlre. Sl. Enoder Parish Council. Berryfields Resident's Ass(Kiation. Blackwater Village Hall. Bam8rdos. Falrnouth University, Oxford UnNersity. Bristol Universty, Exeter University, Gwennap P8rish Council, St. Agnes Pansh Council. Health Education England. UK Youth. Comwall Counal, Royal Comwall Hospitals Trust, Youth Cafés Cornwall CIC & Suzy Diaz Fitness all of whom are vital in helping us maintain esSen'al setvices to young people. These partners enable u5 10 improve our offer to young people. bring expertise and resources to our prograrnmes and help us achieve p05its.ve outcornes lor young people accessing our services. In many cases our partners provide specialist services for the young people we arè working Wth, providing referral pathways and exrt routes for vulnerable and disadvantaged young people. In other cases. our partners enhance our delivery programmes by bringing expertise and knowledge which we are able to draw upon and which can address particular needs or issues ol the young people we are working wrth. The Iruslees would like lo thank all of our partners who help us provide young people with 8 wKle variety of opportunrt18S to dèvèlop thèir skills, confidèncè, rèsilience and self4steem and essential speaalist intervèntions. Flnanelal r•vl•w The resutts for the year are sel on page 16. R•$¢rv•• poll¢y The trust8es review th8 charity's requirements for rnserV In light of the main risks to the organisation. It has established a policy whereby the unrestricled funds not committed should be between 3 and 6 months of expenditure. The target is £375k to £750k in general funds. The reserves are needed to meet the working capital requirements ol the charity and Ihe truslees are confident al Ihi5 level Ihey would be able lo continue the current activities in the evenl of a $ignifi¢ant drop in lunding. The present level of unrestricted reserves available to the charitable company is £436,76S12022". £3S8,7221, thls includes £145,000 ol designated reserves12022". £14S.LX)01 giwng free reserves of £291,76S12022.' £213,722). The present level of reslricted reserves is £759,45412022'. £601.6271 giving total charity fvnds of £1,196,21912022'. £960.3491. Our Fundor8 The Council of Management would like to express their thanks to the following funders and grant giving trusts who continue lo support the valuable work of Young People Comwall. Their investment helps u5 to continue to improve the quality of life for young people living in the county and to meet our charitsble objectives. Big Lottery Fund, NHS Cornwall & Isles of S<xlty ICB. Comw811 Countyl. Comw811 Voluntary Sector Forum. Cornwall Community Foundation, The Julia and Hans Rausing Trust. NHS England, NCS Trust, Falmouth Universty, Oxford University, Youth Cafès Comwall CIC, Truro City Counal, St. Austell Town Council. Liskerrys Youth, St. Agnes Parish Council. Beryfields and District Communty Centre. Liskeard Town Counal, Newquay Youth Project. Blackwaler Village Hall, Gwennap Parish Counryl. Sl. Enoder Parish Council, Young Devon, The Office ol the Police. and Crime Cornrnissioner. Trevi and UK Youlh. Investment policy The council of management has considered the most appropriate policy for investing funds and has found that bank deposit accounts meet current requiremenls. In recent times Ihe (njstees have directed funds into different bank accounts to ensure thal our capital is protected by the Financial Seryices Compensation Scheme
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Intèrnal control and rfsk manag•m•nt To mitigate and rnanage risk. we maintain a detailed risk register. which is reviewed every three months by the Senior Management Team and every months by the Board. and wthenever signthcant new risks are identrfied. Thè truste85 consider the financial sustainability of the tharrty rernains a risk given uncertain economic conditions. To mrtigale these risks, the trustees and senior management team have implemented a sustainabilty action plan which aims lo address uncertainty aroun¢J future funding. This plan focusses on building collaboration, advocating lor support, evidencing impact, reviewing management systems. improving local and national positioning & seeking new funding opportunities. We are ¢onfidenl that this plan will help us navig8le the financi81 challenges that the charity may be exposed to in the future. Thè loss of major contracts conbnues to be a key finanual risk to Ihe organisation. To alleviate this, we ensure regular performance reviews a undertaken. key perfomance indicators are monitored by senior managers & concerns escalated lo the board ol trustees. Our senior managers maintain regular dialogue with commissioners and delivery partners at local and senior levels and we pursue complimentary funds from trusts and grant1VIng organisations to add value 8nd expand successfvl Sery1$. Demand for our sèrvices has 9rown ov&r the last yèar as inflation has spirallèd and thè ¢ost of living risès place more pressure on vulnerable families in our communities we have identified a nse in children and young people being placed at risk, expenencing food & fuel povety and being unable to thrive wthin income depnved households. We continue to seek hjnding whh supports young people & their families who are in crisis and in 221 23 drew down funding from Cornwall Communty Foundation to support children. young people and their families to help alleviate the financial pre55ure5 Ihey were experiencing. We know that our own staff have been affecled by the Crisis and lo that end we have ensured that all staff. irrespective ol their rtsle vthhin the tsrganisalion, are paid 8$ 8 minimum, a real living wage. Our stsff remuneration poly is rev*wed annualty a98in$l the sector benchmark IJNC scale for youth workers). As in previous years, the trustees recognise and acknedge Ihe risks assoaated wth safeguarding and conllnue to ensure that we have robust systems. policies and procedures in place thal help protect the young people we serve and the organisation. All staff underlake annual training & have DBS checks in place which are neWed every 3 years as a minimum. We employ several staff who are qualified trainers and able lo train inlemal and èxt8rn81 staff. All concerns that are raisèd by staff, young peopl& or othèr profèssion81s are recorded using dedicated software which provides a real time audrt trail of all ¢Jecisions l interventions made in response to a safeguarding concern. Our senior managers provide onthcall support lor frontline staff working in the evenings ensuring strong support for our staff. The Irustees are confidenl that our systems are compliant and that our staff are highly skilled and would like to thank all slaff for their diligence in ensuring that young people we work with are given the best possible support al the right brre. In 2022123 we recorded 288 safeguarding concems wrth 85% of thes& related to mental heakh and assoaated issues.
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Plans lor Future Po0$ Our strateglc alms for the perfod 2021-202S Alm1: Cr•at8. (l•volop and malntsln hlgh quallty young pèrson4•d youth s•vlees •nabllng th•m to lèam. prosp•r. be healthy, feel Secure and connected to thelr famllSes and communltSes. Young People Comwall is committed lo ensunng we put young people al the heart of everything we do. The pandemic o12020r21 may have resounding long term effects on the wellbeing. education, mental health and futu prosperity of our young people. Over the next lour years we will ensure that our existing and new provision remains driven by the needs ol young people. responsive to the challenges they face and works wrth considered regard to their farnilies. Actlon•'. Promote the v0e ol young people by raising awareness ol local issues, ensuring the voices ol young people. their families and organisations that support them. are heard. listened to and used to inform fijture decision making. Identify gaps in services and provision by working wilh 818keholders. young people. their f8milie$ and the wider eommunity. Remain agile, flexible and responsive lo lh¢ need$ of our $tsk¥hold¥rs and th¥ wider communlty. Create bespokè packages ol support for young pèople, schools and ¢ommunill8s that provlde personal development and opportunities lor youn9 people lo fulfil their polential. Build upon our success in engaging with and providing support to young people using digital platfoms I interventions. Alm 2: Malntaln oryanl8atlonal vltallty and 8U8talnablllty by •n•urfng w• ha¥• th• p•opl•, r•8oure••, and •xp•rtl•8 to strengthen and expand our work. We will build on our reputation and awareness of being a local charty for young people living In Cornwall offering a range ol support and leisure SerVis. We will support our staff to ensu they have Ihe knowledge and expertise to give young people the right support at the right time. We will continue to diversify our income streams ty working collaboratwety with a range of partners. Actlons.. Invest in our team to ensure they conlinue lo create the right culiure to deliver our objectives. Stsff are encouraged to take ownership and responsibility by being invofved in decision making. Staff leaming and development is planned to achieve our objectives and to ensure Ihe needs ol young people a aNvays met. Support and develop our staff and volunteers wilh qualty assured training whth provides pathways for progression. Glow our own staff by identifying potential and talent and investing in those individuals. Ensure the heatth and welkbeing of our staff team. Ensure effecti¥e go¥ernance through support for our Board of Trustees. Confjnue wth our core fundraising strategy. Develop links wth corporate organisations to indude fundraising. volunteering and awareness campaigns. Develop digital fundraising campaigns. Grow support from grant fvnding. legaaes and donatns.
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Aim 3= Increase the profile of Young People Cornwall by celebrating the achievements of young people and the impa¢1 of our ¥ervi¢e¥. We know that posilNe and high-qualty youth work can have a 5ignrfKant impact on young people and their cornrnunities. We are committed to en5vrin9 that young people have a plafforrn upon which to celebrate their 8chievernents and positive contributions they make to their communities and wider souety. We will Promote the value ol youth work lo partners and communrties by celebrating our outcomes and the successes of young people engaged in our programmes. Aetlons.. Develop a Theory of Changtr untlerstandable lo our $tsk&holdets. Devèlop I Improv¥ presen on am soool media platfom$ ensuring ¢onlenl 1$ valuabl¥, appropr5ale and odginal. Expand use of local and social media, as we# as existing channels to spread communications. Develop local awareness and support through celebration events. Demonstrate the impacl of the charity through annual reports. info graphics etc Invest in promotion, publicity and marketing the charity. Review and fijrther develop OUT brand & organisational website. Structure, governance and management Young People Cornwall is a charitable company limited by guarantee, incorporated on 7 April 1989 and registered as a charity on 8 June 1989. The organisation is governed by a board of trustees which ensures that Young People Comwall is fulfilling ils charitable objectives legalty and effeclivety lo bring about real. positive and lasting change in young people's lives. The company was established under a Memorandum of Asswalion. which established the obje¢ls and powtrrs of the Charitable ¢ompany and 1$ govemed under its Articles of Asso¢iation. Undtrr those Articles, th6 m¥mb¢rs of the Board are gle¢led al Ihe AGM lo a wiod of three yoars, $ubj¥¢t lo ralth¢g1ion 81 each AGM. The Trustees, who are also the directors for the purpose ol company law, and who seThed during the year and up to the date ol signature of Ihe finanryal stalemenls were.. T Easfvlood R Hartley CH Wells S Hedger D Wright M Pascoe
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The board of trustees is made up of individuals wrth a particular intecest in improving the lives of young people but who also bring speaalisl knowledge in education. mental health. youth work an(J business or provide financial and legal professional expertise. The board also represent our stakeholder groups namely the local community, private business and the public sector. The board meets quarterly and agree5 the activity and overall strategy for the org8nisalion and gives due wnsideratson to risk management. performance and finan¢i81 matters. On occasion the board will appoint and organise sutKommittees to cover spectfic aspects of th& work ol the ¢h8rity. DAY to dAy operations of the charity is delegated to the Chief ExeoJbve and the staff team. Trustee Recrultment and Training The counol of management review the composition of the boafd on an annual basis. A skills audit is undertaken to determine whether the board has the prerequisite skills to administer and lead the charity and if a gap is identified then the trustees reacth out lo and target individuals I stskeholders Irom the local community who May be able to assist. If such an exercise 15 unsuccessful Ihen 8n open recruitment process will be undertaken utilising the press and soci81 medi8. A selection process Is then undertaken whereby prospective trustees will meet with the current board andlor senior staff and a ¢Jecision will be made by the board as to whether the candidate is suitable. Tru$tee Ir8inin9 is undertaken on a règular basis.. Twusitres artr prtivided an indudion p8¢k, job descripts'on and trainin9 in various areas injuding $ale9uarding, equality and divefsity and health and safety. Training that is specific to the trustee's role wll be offered as and when available or if a need is Idenl¢fied. Mèmbar¥' Il•blllty Members of the charitable company guarantee lo contribute an amount not exceeding £1 to the assets of the charitable company in the evenl ol winding up. The total number ol members at 31 March 2023 is 612022.. 61. Pay pollcy for senlor 8tsff The Iruslees and the senior management leam ¢ompri8e Ihe key management personnel of the ¢h8rity. lo be in charge of directing and controlling, running and operating the charty on a day-to-day basis. All board members give of their time freely and no board member received any remuneration in the year for their role as a board mernber. Details ol the board members. expenses and related paty transactions are disclosed in notes 9 and 20 to the finanaal staternenls. The pay ol the senior staff is reviewed annualty and normalty increased in accordance with average earnings. In view of the nature of the tharity. the council benchmark against pay leve15 in other similar organisalions & by using the JNC scale for youth workers. Audltor In accordance wilh the cornpany's articles, a resolution proposing that RRL LLP be reappointed as auditor of the cornpany will be pul at a General Meeting. Diselo8ur• of infomiation to auditor Each ol the Trustees has confirmed that there 15 no infornation ol vthKh Ihey are aware which is relevant to the audit, but of which the auditor 15 unaware. They have turlher confine that they have taken appropriate steps lo identify such relevant information and to establish thal the audiior 15 aware of such information. The trustee'5 report was approved by Ihe Board of Twstees. D Wright Trustee 23 November 2023 10-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) STATEMENT OF TRUSTEE'S RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees, who a also the directors of Young People Comwall for the purpose ol company law, are responsible lor preparing the Truslee's Report and the financjal statements in accordance with applicable law and United Kingdom Accounting Standards Ivnited Kingdom Generalty Accepted Accounting Practi1. Company L8w requires the Trustees to prepare fin8nryal ststements for each finan(x81 year which give 8 true 8nd fail view of the stat8 of alfairs of the charty and of the incorning resources and applieAtion of re$oui¢è$, induding the income and expenditure, ol the charrtable company for that year. In preparing these financial statements. the Trvstees are required to.. select SUlt8ble accounting policies and then appty them consistently.. - obs8ni¥ th& methods and prin¢ipl¥$ in th¢ Charities SORP., - rnake judgements and estsmates that a reasonable and pwdent.. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements.. and prepare the financial stat•m8nts on the 90in9 cOnM bas1$ unl8$$ 11 1$ Inapproprfgle lo presumè that the ¢harfty wlll continue in operation. The Trustees are responsible for keeping adequale accouniing records that disdose with aSOnable accuracy at any time the financial position of the charity and enable them to ensure that Ihe financial s¢alements comply wrth the Companies Aet 2006. They are also responsible for $8fe9uar¢Jing the assets of the charty and hence for taking re8$on8ble steps for the prevention and deledion ol fraud 8n¢J other irre9ul8riti¢s.
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUNG PEOPLE CORNWALL Oplnlon We have audited the financial st3t8rnents of Young People Comwall (the 'tharity'l foi thè year ended 31 March 2023 which comprise the statement ol finanual a¢Xi¥itie5. the balance sheet, the 5taternent of cash flows and the notes to the finanoal statements, including a summary of signifi(xnt accounting policies. The finanual reptsrting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Repong Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accovnting practsl. In our opinion, the financial staternents.. give a true and fair view ol the state of Ihe charitable companvs affairs as at 31 March 2023 and of its incoming resources and application of resources. induding its income and expenditu. for the year then ended.. have been properfy prepared in accordance wrth United Kingdom Generalty Accepted Accounting Practice,. and have boen preparetj in a¢¢ord8nce wrfh the requirtrments of the Companies Ad 2006. Ba818 for oplnlon We conducted our au¢Jit in acrdanc? wrth Intem8bonal siandards on Auditing IVKI IISAS IUKII 8nd 8ppli¢able law. Our responsibilities under those standards ar& fvrther (Jeribed in lh& Audiloffs fyspon$ibilili&s for tha 8udil of the financial stètem8nÈs section of our report. We are independent of the charity In accordance wrth the ethlcal requirements that are relevant to our audit of the finanual statements in the UK, including the FRC'S Ethical Standard, and we have fUilled our other ethical responsibilil*s in accordance wrth these requirements. We believe that the audit evidence we have oblained is sufficAent and appropriate to provide a basi5 for our opinion. ConcluJlon• relatlnq to golng concern In auditing the financial statements. we have conduded that the trustee's use of the going concern basls of accounting in the preparation of the financial slatemenis is appropriate. Based on the work we have perforned. we have not identified any m8leri81 vncertsintTes relating lo evenl$ or conditions that. individually or ¢olle¢tivety, may ¢a$t $ignifi¢ani doubt on the ¢h8rity'$ ability to continue as a going Concern for a period of 8t least Iwelve month$ Irom wh&n the fin¥noal $tslem¥nt$ aro gu¢hori$e4 for issue. Our responsibilits'es and the responsibilities of Ihe Trustees wtth respect to going concern are described in the relevant sections of this report. other Inforrnatlon The Trustees are responsible for the other inforniation. The other inforniation comprises the infomiation included in the annual report, other than the financial statements and our auditor's report theoTr. Our opinion on the finanaal statements doe5 not cover the olher infonnation and. exp1 lo the extent otheise explicitly stated in our report. we do not express any form of assurance conclusion Ihereon. In connection with our audrt ol the finanoal statements, our responsibilty is to read the other infomiatitsn and. in doSng so, consider v4hether the other infom)ation is Material inconsistent Ihe financial statements or our knovAedge obtained in the audit or otheiSe appears to be malerially misstated. 11 we identfy such material inconsistencies or apparent material misslalemenls. we are required lo delemiine whether there is a material mi5slalemenl in Ihe financial slalemenls or a malerial misstalement of the other infomiation. If. based on the work we have performed. we condude Ihat there is 8 maleri81 misstatement of this other information, we are required lo report that fact. We have nothing to report in Ihis regard. 12_
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL Oplnlons on othèr matters pr•scrlb8d by th• Companl•s Act 21106 In our opinion, based on the work undertaken in the CA)urse of our audrt.. the inforrnation given in the trustee's port for the finanual year for whh the financAal statements are prepared. which includes the direclors, report prepared for the purposes of ujmpany law. is consistent wrth the financial statement5.' and the directors, report indu¢Jed wthin the trustee's report has been ppared in accordance wrth applicable legal requirements. Matters on which we are required to port by exception In the light of the knoedge and underslanding ol the chanty and its environment obtained in the course of the audit, we have not identified material misstatements in Ihe d1ctorS. report included wrthin the trustee's report. We have nothing lo report in respect of the followng rnatters in relation to which the Companies Act 2006 requires Us lo report lo you rf. in our opinion.. adequate accounting records have not been kept. OT retums adequate for our audit have not been received from branches not visited by us., or the financial slalèments arè not in agreemènt vnlh the accounbng fècords and retum$,' or certain disclosures of truslees, rernuner81ion speuffied by law are not made.. or we have not received all the information and explanations we require for our audit," or the Trustees were not entilled to prepare the financial stalemenls in accordance with the sm811 companies regime and take advantage ol th& Small ¢ompaniè$' èxempbons in prepanng the trustee'$ rèport and from the requlromenl lo prepare o $¢rale9i¢ report. R••pon•lbllltl•s ol Trusttss As explained rn0 fulty in the slalemenl ol truslee's responsibililies. the Trustees. who are 8150 the directors of the charity for the purpose of company law, ar¢ responsiblè for thè pr•paratKJn of thè financi81 statemènts and lor bèing satisfie¢J that they give a true and fair view, and for such intemal 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 lor assessing the charity's ability lo continue as a going concem, dis¢lo$ing. 8$ applicable. matters relaled lo going nCeM and using the goin9 concem basis of accounting unless the Trustees either intend to liquidate the chantable company or to cease operations, or have no realistic attemative but to do so. 13-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL Audltorfs r&sponslbllbtl•s forth• audlt of the financlal stst•mènts Our objectives are to obtain reasonable assuranc aboul whethei the financial statements as a whole are free from material misstatement, whether due to fraud 01 error, and to issue an auditorfs report that indudes our opinion. Reasonable assurance Is a high level of assurance, but is not a guarantee that an audit conducted in accor¢Jance with ISAS IUKI will afvlays detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individualty or in the agggate. they could feasonabty be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irre9ul8rilies. induding fraud. are instsnces ol non-compliance th 18Ws and regul4knon$. We design procedure$ in line with our responsibilrties, outlined above, to detect material misstatements In respect ol irregularities, induding fraud. As part ol our audit work. we obtained an underslanding of the legal and gUlatOry frameworks applicable to the charity and the sector in which they operate. We detennined that the laws and regulations surrounding the safe9uarding of young people were mosl 5wnificant lo the charity. as well as the laws and regulation5 that have a direct impact on the preparation of the finan¢ial stslemenls such as Ihe Charilitrs Ad 2011. the Companies Act 2006 and compliance the Charthes Slalemenl of Recommended Pradice. The specific procedures for this engagement and Ihe extent to which Ihese a capable of detecting irregularities. including fraud is detailed below.. Discussion with management as lo how compliance with these1¥ and regulatK)ns 1$ monitored,. Review ol the disclosures in the financial ststements and te6bng to supporting documentation., Enquiries of management concerning actual and potential litigation and daims.. Perfomiing analCa1 procedures to identify any unusual or unexpected laonshIpS that may indicate risks ol material misstatement due lo fraud.. Reviewing minutes of directors. meetings and correspondence wrth regulators,. Perfoming audit work in ¢onnèction with the risk of managèmenl ovèrridè of controls, including tèsting journal entries for reasonablenèss and evaluatin9 thè business rationale of significant transactions outside Ihe nomial course of business. We also communicate relevant Identified laws and gUlab"onS and potential fraud nsk to all engagement team members and rna1n alert to any indicab.ons of fraud or non-compliance wth laws and regulatsons throughout the audit. Our audit approach also considered Ihe opportunities and inc£nlives thal rnay exist wrthin Ihe charity lor fraud and identified the gre8lesl polenlial for traud bein9 in respecl ol cul off and compleD'on risk around revenue reGo9nilion. Under ISA IUKI we are also required lo undertake procedures to iespond to the risk of management oveiridè of controls. Our procedures induded the following.. Undertaking transactional tesling on revenue Perfomiing completeness tesling on a sample of snifiCant projecls undertaken during ihe year Performing cut off testing on income Audrting the risk of Tnanagement override of controls, induding through testing joum31 entries and other a(Jjustments for appropriateness, and evaluatsng the business tationale for significant transactions outside the nornial course of business Reviewing estimates and judgements made in the aontS for any indication of bias and challenged assurnptions used by management in making esbmates. 14_
YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL 8ecause of the inherent Iimrtations of an audit, there is a risk that we will not detect all irregularrties, including those leading to a material misslalemenl in Ihe financial slalemenls or non-complian with regulation. This risk increases the more that compliance with a law or regulatson is removed from the events and transactions reflected in the financial statements. as we wll be less likety to become aware of instances of non-compliance. The risk is also greater iegardin9 irregul8rityes owjrring due to fraud rathei than erTof. 85 fraud involves intention81 ¢oncÈ8lmgnt, ft>rgery, ¢ollusion, omi$$K)n or misreprèsentation. A further descripbon ol our responsibilrties is available on Ihe Finanaal Reporb"ng Council's website at.. Jh ttL w.Ir¢.or - This descriptson fomis part ofour audrt report. Use of our report This report is made solety to the charitable comp8nYs merrthrs, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken $0 that we tnight state to the charitable cotnpany's members those matters we are requsred to state to Ihem in an auditorfs feport and for no other purpose. To the fullest extent pem)itted by law, we do not accept or assume responsibility to anyone other than the charitable company an(J the charitable company's members as a body, for our audit work, for this report, or lor the opinions we have formed. Josh Stovenj ACA Isgnlor Ststutory Audltor for and on bohall ol RRL LLP 12 December 2023 Chartered Accountsnt• ststutory Audltor Peat House Newham Road TRURO Comwall TR1 2DP 15-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restricted funds funds 2023 2023 Total Total 2023 2022 Notes Incom• Irom: Donations and legacies Charitable activities Investments 23 17,297 3.504 1.482 1.710,951 1.505 1,728.248 3.504 23,077 1,384,262 467 Totsl In¢om¥ 20,824 1.712,433 1,733,257 1,407,806 èndlturè on.. Charitable activities 13.363 1.484.024 1.497.387 1,280,714 N•t Ineomlng r•8our¢•• befor• tran•f•rn 7,461 228,409 235,870 127,092 Gross transfers been funds 70.582 170.5821 Ng1 In¢offl¥ for the ygaTI Net movement In funds 78,043 1S7,827 235,870 127,092 Fund balances al 1 April 2022 358.722 601.627 960.349 833,257 Fund bol•n¢¢$ at 31 M•rch 2023 436,765 759.454 1,196,219 960,349 The slalement of financial activities indudes all gains and losses cognISed in the year. l income and expenditure derive from ntInuIng adivities. The $18l¥menl ol finan¢i81 a¢tivilie$ also compli*$ wilh th¥ roquirements fof an InMe and exp¥n¢Jrturo 8¢¢ounl under the Companies Act 20L%. 16-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Notes Flx•d assèts Tangible assets Current assets Debtors Cash at bank and in hand 11 20.250 27,000 12 82.254 1,172,509 243.450 723,266 1.254.763 966,718 Cr•dltors'. amounts lalllng du¢ vAthln one year 13 (78,7941 {33,3671 Net current assets 1,175.969 933,349 Total a88et8 le88 curr•nt IlabllSlle8 1.196.219 960,349 Incom• lund8 Rèstricted lund$ Unrestricted funds Designated funds.. Financial commitrnent fund Property fund 16 759,454 601,627 80.(Kl 85,0 60.OLXJ 85,0) 17 145.000 291,765 145.000 213,722 G¥neral unstride lunds 436,785 358,722 1,196,219 960,349 These financial statements arè prepared in accordance wrth speual provisions of Part 15 of the Companies Act relating to small companies and consts.tute the annual financial statements iequired by the Companies Act 2006 and a for circulation to the members of the company. The financial statements were approved by the Trustees on 23 November 2023 D Vvright Trustee Company Registration No. 02369817 17_
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Note$ Cash flows from opèrating aetlvltl•s Cash generated from operations 22 445,739 2,528 Inv•stlng actlvltl•s Purchase of tangible fixed assets Interest receNed I36.0) 467 Net eash general Iromllu8ed Inl Inve8tlng actlvltl•s 3,504 135,5331 Net cash u•ed In financlng actlvltleo Net In¢re¥8elldecrea¥el In c••h and ca•h gqylvalent¥ 449.243 133,0051 Cash and cash 8quivalènts at beginning of year 723,268 756,271 Cash and ea8h •qulval•nts at •nd of y•ar 1,172,509 723,266 18-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Aecountlng pollel•s Charfty Snforniatlon Young People Comwall is a private company limrted by guarantee incorporated in England and Wales. The registered office is The House Youth Centre, Caon Road. ST AUSTELL, Comwall, PL25 408. 1.1 Accounting convention The financial statements have been preparèd in accordancè wrth thè charity's goveming documents, the Companies Act 2006 and "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 IFRS 1021. The charity is a Public Benefit Entity as defined by FRS 102. The fin8n¢ial 5tstements are prepare(J in sterling, whith is Ihe fundional CuencY of thtr ch8rty. Monetary amounts in these financial slalemenls ar* rounded lo the ntrarest £. The financial statements have been prepared under the histor1 cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concem At the time of approving the ffinanaal statements, the Trustees have a reasonable expectats'on that the charity has adequate resources to continue in operalional existence for the I0seeable future. Thus the Trustees continue lo adopt the going concem basis of accounling in preparing the financAal statements. 1.3 Incomlng r•8ourc•8 Income is recognised vthen the ¢harity is legalty enirtkd lo r(8fter any ptrrfom8nctr condititsns havè been met, th& amount$ can be measured r¢li8bty, and it is probable Ihal in¢om& will fe¢eived. Cash donation5 are recognised on receipt. Other donations are cOgnised onr£ Ihe charity has been notified of the don8ts'on, unless performance ¢ondition$ require deferral of Ihe amount. Inrne tax recoverable in rtrlalion to donations r¥¢eNed undtrr GAl or deed$ ol covenant is re¢ognis&d al the lime of the donation. Legacie5 are recognised on receipl or otherwise rf the chaity has been notified of an irnpending dislribulion, the arnount is known, and receipi is eXp¢ed. If the amount 1$ not known. the lega¢y 1$ treateiy 8$ 8 ¢ontin9&nt os$¥1. Grants. induding grants for the purthase of fixed assels. are recognised in full in the statement of financial activitie5 in the year in which they are receiv8bie. Grants could berne rep8yable if cert8in conditions 8re not met. Turnover is rreasured at the tsir value of Ihe consideralion receNed or receivable and represents 8mountS receivable lor goods and services provided in Ihe n0rm81 course of business. net of discounts, VAT and other sales related taxes. IA Re$our¢e¥ expended Expenditure is recognised On there is a legal or constructive Oblatn to transfer economic benefit to third party, rt is probable that a transfer of economic beneffts will be reqUId in settlement, and the amount of the obligation can be measured reliabty. Expenditure is classthed by activrty. The costs of each actNrty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aCtirtY. D1ct costs attributable to a single activity are allocated directty to that activrty. Shared costs which contribute to more than one activity an(J support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent wrth the use of resources. Central staff costs are allocated on Ihe basis of time spent, and depreciation charges are alloG4ted on the porbon of the asset's use. 19-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continuedl l expenditure is accounted lor on an acuuals basis and has been dassified under headings that aggregate all costs relevant to the category. Vvhere costs cannot be direct attributed to parb"cular headings they have been allocated to actbvrties on a basis consistent with the use of resources. Governance costs represent the cost of relevant audit and acuiunlanry fees. 1.5 Tanglble Ilxed assets Tangible fixed assets are initialy me4sured 81 $1 and subsequenlty mtrasured 81 cost or valuation, nel of depreciation and any impaim)ent losses. Depreciabon is reco9nised so as to write off the CO or ¥8lualH)n of assets less their residual values over their useful INes on the followng bases.. Motor vehicle8 25% straffjhl line The gain or loss arising on the disposal of an asset is detemiined as Ihe drfference beeen the sale proceeds and the carrying value of the asset. and is recognised in the ststement of financial 8clivilies. 1.6 Impalrni•nt ol Ilx•d as8•t• Al ea¢h reporting end dale. the ¢h8rity reviews the ¢arrying amounts of ils tangible a$sels lo delerrnine whether there is any indi¢8lion thal Iho$e a$set$ have suff&red an impaimenl lo$$. It any $u¢h indi¢alion exists, the recoverable amount of the asset is estimated in order to detemine the extent ol the impaiment loss lif any). 1.7 Co$h and eosh ¢qulval•nts Cash and cash equivalents include cash in hand. deposits held at call with bank5. Other 5hort-term liquid investrnenls with original maturilie5 of thoe monlhs or less. and bank overdrafts. Bank overdrafts are shown wrthin borron9$ in current liats'lrties. 1.8 Flnanelal In8trum•nts The charity ha5 elected to appty Ihe provisions of Sedion 11 '88si¢ Finantial Inslruments, and Sedion 12 'Olher Fin8nual Instruments Issues. of FRS 102 10 811 of it5 finanri81 instruments. Flnancial instruments are recognised in the chanty's balance sheet wh6n the charity becomes party to the contractual provisions of the instrument. Financial assels and liabilities are offset. wilh Ihe nel amounls presented in the financial staternents, when there 15 a legally enforceable right 10 Set off the recogni5ed amounts and there is an inten¢ion lo setue on a net b8515 or to r8alis8 the asset and 5etlle the liability simullaneousty. Basie financial ass•ts Basic financial as5els. which include debtors and cash and bank balan$. are initialty measured at t18nsaction price inrjuding transaction costs and are 5ubsequentty rarried at amort15ed cost Using the effective interest method unless the arrangernent constrtute5 a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as r1Vable within one year are not amortised. -20-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic financial liabilities. including credrtors and bank loans are inibalty recognised at transaction price unless the arrangement constitute5 a financ4ng transaction. where the deb¢ instrument is measured 8t the present V81ue of the lulure payrnents discounted at a m8rkel rate of interesl. Financi81 li8bilities ¢18ssified as p8y8ble wrthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl, using the effective interest rate method. Trade creditors are obligations to pay for goods or services Ihat have been acquired in the ordinary course of operations Irorn suppliers. Amounts payable are dassffied as current liabilities rf payment is due within one year or less. 11 not, they are presented a5 non-current Iiabilrtie$. Tfade credrtors are iecogni5ed initially al transaCtn price and subsequentty measure(1 at amortised cost usin9 the effectsve interest method. D•rncognitlon of financlal liabiliti•s Financial liabilitie5 are derecognised when the Charty's ¢ontra¢lu81 obl4.0$ expirtr or artr di$¢harge¢J or ¢8ncelled. 1.9 Employe• b•n•fit8 The cost of any unused holiday entitlement is reon1$ed in the ptrriod in whi¢h the trmploytre's servi¢es are received. Termination benefits are CogniSed immediatety as an expense when the charity Is demonstrably commltted to temiinate the employment of an employee or to provide terniinalion beneffts. 1.10 Retlrem•nt benefits Payments to defined contribulK)n retirement benefft schemes ara charged as an expense as they fall due. 1.11 Fund accountlng Gèneral funds are unrèstncted funds which are availablè for usè at the discrètson ol the trustees In furtherance of the general objecti¥es of the charity and which have nol been desi9nated lor other purposes. Designated funds present unrestricted funds earniarked by Ihe iruslees for particular purposes. Restricted lunds are funds whth are to be used in accordance 1h specific restrictions imposed by donors or which have been raised by the tharity lor p8rtiGular purposes. The cost of raising and administering such funds is eharged against the $pe¢th¢ lund. Th& 8im 8nd u$& of ¢a¢h r¢stri¢ted fund 1$ set out in the notes to the financial statements. 1.12 Taxatlon The chanty is èxempt Irom tax on InMe and yains falling wtthin sedion 505 of the Taxès A¢t 1988 or $e¢tion 252 of the Taxats"on of Chargeable GainsAct 1992 to the extent that these are applied to rts charitable objects. crttlcal accoundng estlmates and ludgements In the application of the tharity's ac4)unting poliryes. Ihe Trustees are required to make judgements. estimates and assumptions about the carrying amounl of a$5ets and liabilrties that are not readity apparent from other Sources. The e5timate5 and associated 8ssufflpb.ons are based on histOriG41 experienGe and othei factors that a considered to be relevant. Aclual suM5 may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and fvture periods where the revision affects both current and fLrture periods. 21
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donatlons and 18gacl•s Unrestrlcted Regtrlcted lunds funds Total 2023 Total 2022 Donations and gffts Grants receivable 23 1.482 1,505 3.614 19,463 23 1,482 1,505 23,077 For the year ended 31 Mah 2022 7,70S 15,372 23,077 HMRC grants have been received totalling £Nil12022'. £19,463) to help wlh Ihe furfoughed staff whilst in a nationwide lockdown due to COV119. Charftable actlvltle8 2023 2022 Grant income Other income 1,710.440 1,378,965 17,808 5,297 1,728.248 1.384,262 Analy¥l¥ by fund Unrestricted funds- general Restricted ftjnds 17.297 1,710.951 40,532 1.343,730 1,728,248 1.384,262 -22_
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltabl• actlvltl•s IContlnu•dl S Analysi8 of Grant Income Unrestrlcted Restrlcted Fund Fund 2023 2022 Assertive Outreach Attune Comic Relief Communities Working Together Creative Art Therapy General Fund Head Start Heatth & Welkbeln9 Fund ear Our Vo Inspire LDA Participation Music Project NCS Parish Youth Project Peèr Support Work Section 138 Sparkes Sui¢id¢ Prev$nlion Support Hubs Thè House Victims ol Crime Weight Management Winter Covid Scherne YEF You De¢ide Youth Cafes Zebs 48,750 26.211 48,750 26.211 5.074 26.647 60.000 37,967 188.76S 21,380 475.109 72.517 72,517 13.151 13,151 85.336 85.336 598.481 19,772 598.481 19,772 55.000 14.72S 81.992 47.883 13.940 14,725 81,992 47.883 13,940 117,952 50.430 30,000 25.845 9.694 24,638 360.331 40,549 51.642 22,S76 24,638 360.331 40,549 51.642 22,576 47.926 40,332 33.592 4.500 19.148 47.867 24.750 56,987 53.419 53.704 80.823 53.419 53,704 80,823 13.151 1.697.289 1.710,440 1,378,965 HSCVF income consists of £Nil12022'. £21.380) of funding received from The Heatth and Soaal Care Volunteering Fund. Government grants from Comwall Council and NHS Kemow Clinical Commissioning group lolalled £1.192,87512022. £905,324). -23-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 In¥•stm•nts Unrestrlcted Unrestrlcted funds funds general general 2023 2022 Interest receivable 3,504 467 Charltable acllvltl Unrestrlcted Restrfcted Fund Fund 2023 2022 Stsff ¢0818 Depreciation and irnpaimient Trainin9 costs Rent. rates and utilities In$urance and subscriptions Repairs and rnaintenance Prfnting, postage and stationery Advertising Educational and residential costs Telephone and IT costs Travelling L¥g81 and profe$$ional Organisational support Costs Ganeral expenses 131,951 6.750 3,355 982,167 1,114,118 6,750 16,201 22.263 29,172 35.931 8,625 2.562 43,896 49,433 71,092 83,181 1,021,992 12,12S 5,221 19.243 15,874 25.883 12,602 780 42,009 34,396 54,917 17,379 12,846 18.763 20,748 28.164 7,733 1.016 39,180 44.176 64.460 74,760 190,011 8,424 7.767 892 4,716 5.257 6.632 8,421 1190.0111 119 119 5,080 16811 1,484,024 1,483,343 1,267,501 Share ol govemance costs (see note 81 14.044 14,044 13.213 13.363 1.484.024 1.497,387 1.280.714 Overhead and support costs have been allocated on an appropriate basis befyveen activitie5. -24_
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support eosts Support Gtsvemance costs costs 2023 2022 Basis of allocation Audit and accountancy fees Govemance 14.044 14.044 13.213 14.044 14.044 13.213 Analysed betweèn Charitable activits'es 14.044 14.044 13.213 Governance costs indudes payments lo the audAors ol £S.02S12022.' £4,12SI for audrt fees, and £1,780 for other services12022'. £1.4401. Tru•teeB None ol the Trustees lor any person$ connected vnth Iheml rtteived any rtrmuneralion or btrnefrts from the ¢harity during the year olher than a$ r¢feNed lo in nol• 20. 10 Employ••• Number of employees The average monthly num1 of &mploye¢$ during the yearwas.. 2023 Numb•r 2022 Numbar Ilncluding the management committeel during the year. Full tsme equivolertl". 47 35 Employment ¢o$t¥ 2023 2022 Wage5 and salaries Soaal security costs Othei pension costs 1,C4)9.296 80,241 24.581 926.312 70,227 25,453 1,114,118 1,021,992 There were no employees whose annual remuneratK)n was £60,000 or more. -25-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Tanglblè (lx ass•ts Motor vehl¢les Cost At 1 April 2022 88.878 At 31 Marth 2023 86,878 Deprg¢1otlon and Impolnnont At 1 April 2022 Depreciation ¢harg¢d in th$ y&ar 59,878 6,750 At 31 March 2023 66,628 Carrylng amount Al 31 Marth 2023 20,250 Al 31 March 2022 27,000 12 D•btor• 2023 2022 Amounts l•lllng du¢ wbthln on¢ y••r: Trade debtors Other debtors Prepayments and accrued income 73,854 8,6CX) 198,122 41.328 e,000 82,254 243.450 13 Cr•dltor8'. amounts lalllng due wlthln on• year 2023 2022 Notes Olher taxation and social security Deferred income Other credrtors Accruals 18.3 36,818 3,508 20,078 18.637 14 3.575 11,155 78,794 33.367 -26-
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 D•l•rr•d Ineom• 2023 2022 Arising from funding received in advance 36,818 Deferred income Is Induded in the finanual statements as follows.. Current liabilities 36,818 36,818 Defed income preSentS fvnding received in advance. 15 Retlrem•nl benefit •chern•• The charity operates a defined ntribUtIOn pension scheme lor all qualifying employees. The assets of the sch¥me are h&ld $ep8rolety from those ollh& ¢h•rity in an indenenIty admini$lered fund. The charg8 to income and expent1Itu in respect of dèffinèd contdbutkjn s¢hemes was £24,581 12022.. £25,453). At the year end £Nil contributions were outstanding12022'. £3.2591. -27_
YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2023 RRL 16 R•itrf¢t•d fund• Th Incomtrtyn¢Js ¢fthe chanty In rwlrthd ffd¥ fOlirva unexpended balaw0f04kn Ij grnnl$ h¢hJ ontruslfDr sp8ufic purpo. ov•menllnfvnd Tr4n¥f•rn •t Jl Mirth 1021 1AWI ZQ31 48.7 20?11 12e.0sSI Comi¢Fthi Commun111•61%tykiryTowMr CT••thArtTw &DrJ 847 1.9BB 174.th A791 1175.cen 47.182 72.517 163.0701 80.870 3S.780 24.7 ie&n6 21.5 470. 11. 28.42T 85.3>) 153.9771 13.wo 17.1 O.C•11 H•¥OurVoi¢• 14003J 25es• 1$5.451 27.16J 143.SODI i•21 19.772 41.788 LDAPIMl MuvlcPrq• NCS P•n$hY1bPrO11 IX.4931 19.W71 183.4071 28.500 11.7X 01 992 4.7S8 119.oy 173.f3DI 146.wl .e74 13.91¢ 18.528 SI10 13e 17.e81 *ep4 9.• Iooj PWM 24.OJO .)Ji 42.078 51.•42 22.5 24.eJB 6.245 1152 12È1 I.378) 122.28$) I30.DI 16.083 36 118 15.4 mi ofctl 3•2 43.34a 7.022 (a.) YEF You D•uai Youth cE% 3.173 1• 148 4&2J3 24.7XI 3.278 327 40.200 37.22a eTO 3D5 (12.Wl (07.4WI 55.701 45 124 eoi.827 1.712.4Jg (70.$821 7S>.454
YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2023 16 R•itrf¢t•d fund$ (COnvdj Purpose of lunds.. Assertiw OutreKh- Nivery 013 high qL471tyA55ertNt Outrexh In p¥lnernhywth ccleagu&sfrom Young De¥an and Torbay Youlh Tru51. Tre partnernhip wll ieceiv& requeBls Irorn the PL4IGe toengagewth groUps(4yry P80F4B In ¥JnouJ atea5 artyjid ihe pth71wth0 be Inyofved InAnb soc1 Behawour IASBI. Allu40. Th• AThUNE search Is 8ethno to tr en¥ytyifti. athial. 8Oitsbon81 •nd factors Ihai have an Impacl on the m¢nlal he8Nh d y¢ung twe. both rthbve and nega1 Ywr¥J PeorAe Cur1 1$ t p9rticjp81Tr ol youn9 peo? Cornwall In ihis nationally 51gnifiranl pKc4 ofth. Comi¢Rokef-A h88hh heatth tsh0pmJnéPwetr)Ial Whh •nd to Inl8• their emtlonal re$lli•nce. Communlhs Workmg Twther- ESF kvcyrammè awn of rr9 yQLry rx to •>Jcakn. Wrpkv a tr•lning by WDrklng wllh Iocol employers. mentors and w0¥ing Indiwdulll supportlo yourrfj peoF. CT881ive Art Therapy. The Ciealive Art Pfopd SUFWI chi3ren & r9 peoF aetawry CAMHS and the beIng praLbonei te. 11 wll provirJ8 tr OPPOffjJnilies tO8hoage in ¢re8b¥e arta ¢h81 th•t retyjm NWtai th. Hd$tort. ew Lottery Fund pro1 C¢rnll CoJncd Lwity P•Fbior¥hip fty CorrraU 181•• of Sdlty. al Irue•6lng the emDtlonHI re51lien olyoung people •rrnsslhEcounty toqnth them tobetter heth Issues. H&8ttD W&llbeiw. Cofunoed ty mè Oeptof & StLi C¥e& CCG. tr• rntsllnC & l(w4 th1 menial heatth pr¢brn9 to gi them 8tr8tegle•io c£y. Hear Otsr Vou. ihiy piowdej an 4d¥oucy lor p•cwle m Carm¥1 ire expth7ry orat olexperthdn9 their menthl hellllh. 11 offerd young pEoe the opwxtunty. wthin a sUppOve 9p to exFkn related lo iheir rnenw h1h. Addknauy 11 prowd&s uller partiupaiion for tne Chi anaAdo8CeThI Serb m C(ml. INSPIRE- funded by Ihfr Lottery Fund. INSPIRE airns Io pecylè exert o¥tt made thin our oryanlsatson. 8cns5 tha county and further afield. The pr91 will enatrde young peop12 land espea those mue dud¥taged) to become Invow In demoNalic proresses and support them to have1hr¥15 heaid èi a rawe 51[ale91l ¥el&. LDA Ile8mirtg Drff¢ufties &Ayfysml P•rwi<M. Fundeo by KerrwCknKl Griwpty yojty pwr18 & vofe$8oi$tO •i$ure ihg vow of youn9 P8orAe with LDAdre hexd IrnI$S9 I wrrnlslnth F¥wect . of a high qualty AsserlNe Outrex LJueS frwi Tvrfoay Youth Trust. The partnership wll e8iVe requosts trom the pdi¢8 t0ew89eyth gmur6¢tywNJ In V•fW al th6 penirwLqtho mvofveo InAnb Socb81 Beh8wour IASBI.
YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2023 RRL, 16 R•itrf¢t•d fund$ (COnvdj NCS. N8bon81 Cllken Sw¥l¢8 INCSI k8 orwrtuth for y(wJ the In 2015 to 64 young wple. ¥Wh p8rtner8 Induding BFAdvenrfr and Cornwal Colep (kn Ihe hfwnhanorvj $umnv rrt9MM%. ywn9 pwple age 1S 10 18 had Ihe orwrtunity to dWDP new. vital skills and makè new Inends whilst having Tr. Young peapl& IoDk part In a ol autdoor adJw15. a resthw al FalThJuth Tremugh campus Wlih talks Irorn local partneTS Including My Bnk, Coppated, Shenethx elc. Groups of Flarrtd. 1xglled and carrd out they xK4al proJ8cl& In their own communlll$ Ihcludlng luhdr8islng totJuOilee Ptry. Peh2•nce. B8ch d•y Ptrthpe8n. cle8r8ncea¢ th6 Ttyete. Ouieow¥ for wno Indud8d . de¥doping le8m¥vork. le8oership ano MMn¢•i * undeistanding tyMrnunili¢$. vfAunte¢iing an¢ parbopabrvj ' graduating frC Ihe wo9r3ffffiB r4cei¥e a 51gned cerb11cats Ifomtr Pnrne Mirth. ' reGognilion by UCAS and ern0YerS arwss [coun1ry. makino new Iii8rtds and oalnino twmories aNjehdOnCO ifv81 L8SI8 Irf•0. Partsh Yotsth A p•rkn•rthp ¥¥hrh to fry yOLY¥J ihg PAMh of * 8 1• I11 In oHrfy itag81 01 devekpmenl. Pwsupport Work- KCCG fundèd an8oiee•W your4 10 ITh tra1r0 VJ P8KI Pèer SupportMèr& ¥thln the Spea Up cornw81l8erve. Seciw i36- 8ulldln9 upan our 8xi4lh9 nnI4 M8Nh •nd delthdmth lh• ilhchWw 8ndyoung p•Wo 8ggd &18 Vdho h8ve be•n subject to a Sectson 136 plHn and or%¥ho hll¥e $tenvY corne tothe attenbon cl the P<4ce d)rde£nry ern0kn wlIbeinMental health needs. Sp8ikes-A proj8Ctthw Wth y{wrvJ to 1 ir4xAVJ oirts 10 rnlae th•r¥oictt to le ehanoe In their mMunis. Suktdg prenI.A ¢ewgned to 8ffKty8tycvrvJ a r•ty• o18upfvxt I411 qroup & IndNldu81 work. Support Hubs . Supwrt hubs were set up In reswse the iThYeaged emal heath & needs Df thiklren and Yn9 peop ovei the summer perd of 2021 35 a resutt ol the covid pandemic. Seen ay an aknalhtlo the ol 5upFrtasI aj reypmdirfj io eSCatIng mental health presenlaliony beln9 rnade to Ioc41 hojwtah and CAMHS. The 5UPPOrt hubs%Yeie wohd acr055 the 6 venuesinthdry SIAu51ell, RedtLrth. Lijkeaid PenzanGe and NeWq¥. Thè . is a town e8ntre dub In Sl Ausidi. The cthtrt ¥(wbes MU and is800 V40TkShOPS. Tht cenirè has d8d¢ated rnusic and (¥fé I8¢JI•S ar 1st open •C¢eMyth ¢8ntre In SIAwtel. FUnj ty StJJ8t8lTtyth thjrol ar Chldr•n in NoJ. Vkhm ol Crime Prwecl. Ddivered In partnership De and fided ty the t)Tre ol ble Poke and Cnme Cornm0. This proJ2Ct prOVeS support to young peOe ¥bo have b2en ¥iGtsrns ol Lrne. offemg th•r suppwL and IndNithty taikyed InteThentbJns 9rned lo address fallingB of 1golalioD, Ddine&s, anxiety eto
YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2023 'RRL' 16 R•itrf¢t•d fund$ (COnvdj I ltsn&gem&ni.Apr0tgd to wdLte kn(ad8nCesof8u y(wMJ 8wffje¢Y8uFportlnthdlng OTp 8 IndIVU81W0f t&rCovid S¢thne' Emewty fundkno lorbulat18 ¢hWren. yoJrYd r•¥le tsrl8mhes ioheWlh8m&81, $18y Sgle 8nd keep w8mi. YSF. A y?8r lohg programm tor yiyjhty pÈopltr In TNro ¥nJ si ALt41 Tro WLVJ[•M tyJlJ ¢1ythde Wetrk 0p $$thIS 8nd 1 10 1 support. aevelon9 8¢byil$. 8S$0¢kgtyon wmmunty wojeds 10 Wuce 0191th 8n¢ Intre8se In4VeMent In the ¢ommunity. Vtsklno wth partners, 1¢hing a qualifi¢abon an¢ spinn9 irde Models IroeaseywrvJ rwple's3Wrntw$ wseofacheven You D8cide- Funded by Big Lottéry FuThl, the prryeGtlaWs C¢yrral 015 mtsve aGb¥th8fOrffj WF40 to W Involv In and onablès em alonosth their ¢ommunth8 Sel up ¥USL98 youth Youth Cores- Project COMM0 W Ywth C8fe$ Cryrth41 CIC to deh¥wy Yth wk FW¥ton & R•doth ki ywg FwrAe aged 11.19 yo•Tr. The prolgct Prov•$ &afe spaces ltywcalty In re-PUiPDsed buih11rysl whereyoury pec can mEeland accessavanety Oly actrt wthshoy. Ze)s- Z8os was swrted In 1994 Oy a giNp <1 peopl& tUle ol iho of yOLthg Tfuro. work 1th youno peo• ao8d 11-25 y88rs. Ywng peop can dr¢p In fu tea. 8 chot. 8 0? cl ri<4. w { art b898d TrArMk8W. (Y ty get fm to w counsel9. mlornwon and 8dvhx ano the nwto h4v¢ y¢ui h••Td. Zth iewoThJ loywrHJ F•'wJ•quKty. y•th •J ngxitty. -31
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 D•slgnatèd funds The incorne fijnds of the charity indude the followng designated funds which have been set aside out of unrestricted fvnds ty the trustees for specific pUoSe$. Movement In fund¥ In¢om• Movement In fund¥ Incom• e8l•nc•ai 1 Aprfl 202Z Balanco at 31 March 2023 1 Aprfl 2021 Financial commitmenl lund Property lund 60.oc 85,0 60.000 85,000 60,000 85,000 145,0 145.000 145,000 The fin8n¢ial Commrtmenl ftjnd has been e8m*wked by the tnJslee$ lo meet fin8n¢i81 ¢tsmmrtmenls Should th ¢harity cease at any point in thè near future. The propety lund has been eamiarked by the trustees to fund any future property purchase. 18 AnalyBl• of net ao8etg betWn fundo UnYutrlet•d R•8trletéd funds funds 2023 2023 Totsl Total 2023 2022 Fund balances at 31 March 2023 are repsented by.. Tangible assets Current assetsllliabilitiesl 20.250 416,515 20.250 1,175.969 27.000 933,349 759,454 436.76S 759,454 1,196.219 960,349 19 Operallng lease commltments At the reporting end dale the charity had ouisLinding commitments for fUbj minimum lease payn)ents under non<ancellable operating leases, which fall due as follows.. 2023 2022 Within one year Between two an¢J five years 10,0 22,500 10.000 32,500 32,500 42,500 -32_
RRL YOUNG PEOPLE CORNWALL {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 20 R•latod party transaetlons Remunerdtlon of key management personnel The remuneration of key management personnel is as follows. 2023 2022 Aggregate compensation 79,002 76,496 Thè charity had transactions with OG ght (board Mèm[) amounting to £4,910 12022." £6,581) for th& provision ol accountancy sèrvices. £Nil was outstandin9 al the balancè sheèl date12022. £Nill. The charrty had transactions wAh Aspell Digilal Ltd la company owned by D Wright, board rnemberl arnounting lo £2.352 12022.. £1.2501 for the provision of accountancy services. £Nil was outstanding at the balance sheet date12022'. £Nill. A member ol key m8n8gem8nl personnel was loaned £10,000 during a previous year, repayable over 5 ytrais. Interest is being charged al 0.5%. Al th¢ y¢ar ¢nd, the balan¢e of £8,600 12022.. £9,000) remained outstanding. No board member received expense payments during the year or during the previous year. 21 Analy81• ol chang•8 In n•t funds The charty had no debt during the year. 22 Ca8h g•nérat•d from op•ratlon• 2023 2022 Surplus lor the year 235,870 127,092 Adjustments for. Investment income rerjognised in slalemenl of finanryal actiwDes Depreaatron and impaimient of tangible fixed assets 13,5041 6,750 14671 12,125 Movements in working capital.. Dècieasollincreasel in debtors Increase in cd10rS IncaSe11deCreasel in deferred income 161,196 8,609 36,818 1103,3671 145 133,0001 Cash generated from operatlons 445,739 2,528