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2024-03-31-accounts

Charity registration number 801688

Company registration number 02369817 (England and Wales)

YOUNG PEOPLE CORNWALL

(LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

T Eastwood R Hartley CH Wells S Hedger D Wright M Pascoe

Secretary T Eastwood
Chief Executive Mr N Smith
Treasurer Mr C Wells
Patron Evelyn Boscawen, 10th Viscount Falmouth
Charity number 801688
Company number 02369817
Principal address The House Youth Centre
Carlyon Road
ST AUSTELL
Cornwall
PL25 4DB
Registered office The House Youth Centre
Carlyon Road
ST AUSTELL
Cornwall
PL25 4DB
Auditor RRL LLP
Peat House
Newham Road
TRURO
Cornwall
TR1 2DP
Bankers Royal Bank of Scotland
2 Old Town Street
PLYMOUTH
Devon
PL1 1DP

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) CONTENTS

Page
Trustee's report 1 - 11
Statement of trustee's responsibilities 12
Independent auditor's report 13 - 16
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20 - 35

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

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

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

Objectives and activities

The charity exists for the purpose of the social education of young people aged 8-25 years by supporting and developing the work of various youth organisations and to enhance youth provision within Cornwall through the development of projects which address youth issues. We aim to achieve the following objectives:

  1. To support children and young people, especially, but not exclusively, those most at risk to enable them to realise their full potential and to facilitate their social and personal development.

  2. To provide programmes and projects that address issues that place young people at risk.

  3. To broaden children and young people’s aspirations and horizons by providing them with a range of opportunities that are innovative and challenging.

  4. To support and empower youth groups/clubs and build their capacity to enable young people within their community to make a positive contribution.

  5. To raise the profile of young people within the community/county and to celebrate their achievements.

Our projects work alongside young people enabling them to access a wide variety of positive activities including sports work, outdoor activities, music, dance, issue-based workshops and education and training opportunities. We run dedicated projects providing support to young people experiencing unemployment, mental health issues & violence within the community. Our work enables young people to build their confidence, self-esteem, teamwork and co-operation skills and their ability to make positive and informed choices.

Public benefit

The council of management have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives and in planning future activities. In particular, the council of management consider how planned activities will contribute to the aims and objectives set and the impact they have on our beneficiaries. The main beneficiary of our work is young people aged 8-25 years old living in Cornwall, but the trustees also recognise the work of adult volunteers who, in providing support services to young people in their community, also become beneficiaries through accessing activities we deliver such as training and accreditation opportunities.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The public benefit that arises from our work are as follows:

  1. Young people & their communities are given support to ensure that they gain a sense of usefulness, purpose, value and belonging enabling them to become active citizens and contributing to community cohesion.

  2. The health & education opportunities for young people in Cornwall are improved and promoted and young people are better equipped to make positive and life enhancing decisions that will lead to improved physical and mental health and fulfilment.

  3. Young people and their communities feel safer and stronger which results in improved democratic engagement of young people, increased confidence in young people and less need for the involvement of the criminal justice system.

  4. Communities are able to provide spaces & places for young people to meet with each other, gain access to support services and a range of activities which contribute to individual, family and community well-being.

Review of activities and future developments

The specific projects currently in progress and a review of each project’s activities are shown on page 4. These projects enable us to fulfil our charitable objectives of providing opportunities for young people to enable them to grow and develop as individuals and positive members of society and fulfilling our public benefit requirement.

Achievements and performance

Statistics - 2023/24

Participants: (where a young person is known to a worker by name and is registered on our database):

2107 young people accessed our direct services on a regular basis during the year.

Average age of participant: 14 years 10 months.

Reach: (the number of young people our services meet during our activities and campaigns)

In 2023/24 the organisation reached 6458 young people living in Cornwall achieved through work in schools, direct work, youth clubs we support, large events, activity programmes (Time to Move), sporting events and project work.

Impact:

In considering the impact our work has on our beneficiaries we routinely collect direct feedback from young people, parents and stakeholders in order to demonstrate the success of our work. Our staff are trained in a transformative evaluation process which generates ‘Significant Change Stories’ that help young people and ourselves to articulate the impact of our work in the words of young people themselves. Some of the comments recorded during this process are as follows:

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Parent feedback

‘Thank you for all of your work with E. She has found it very beneficial and seems in a much better place at the moment.’

‘Thank you so much for all the help you have provided, it makes me feel at ease knowing that there is someone else supporting him. I can't put into words how much I appreciate all of this and I will definitely stay in touch if X is struggling. Thankyou again you have been amazing.’

‘My son doesn’t really go anywhere to be with friends, due to there not being anywhere that is appropriate locally. Since attending we are happy as parents that he is safe and his needs can be met, whilst allowing him to develop independence. This group is the highlight of his week’

In addition to generating Significant Change Stories, we use the Outcomes Star to measure the impact of our work on the lives of young people accessing our services. My Mind Star helps us ascertain individual changes in behaviour. The tool captures where young people are and their progress in 7 areas of their lives, all of which are considered essential to contribute to the personal and social development of a young person. Young people are asked to fill in the ‘My Mind Star’ (supported by a youth worker) at the beginning of a project or intervention and then do the same at regular intervals throughout their involvement with the project. The results are then collated and can show demonstrable progress in the 7 areas and as such individual outcomes can be highlighted and the impact of our interventions measured.

The following distance travelled chart is based on interventions made with young people between April 1st 2023– March 31st 2024 and shows data referring to 710 young people accessing our services who completed a Youth Star.

92% of young people are making progress in at least one outcome area whilst 68% of young people engaged are making progress in at least three outcome areas. Young people are showing good progress in ‘Making a difference’ (volunteering and social action) and in improving their well-being. These results show that young people accessing our services seem to be in a much better position now than they have been since the Covid pandemic lockdowns of 2020 & 2021.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

As part of our contract to deliver support for young people with mental health issues we are obliged to use the IAPTUS system to record data for use in the National Minimum Mental Health Data Set. This system tells us that in 2023/24 our Well-Being Practitioners worked with 432 young people & provided 2591 appointments to young people. The main reasons for being referred to us were young people experiencing anxiety and depression. The system tracks a range of outcome measures and informs us that 74 % of young people showed a reliable improvement in their mental health whilst 96 % of young people felt listened to.

Projects

Zebs youth drop-in centre and café based in Truro. Offering day and evening drop-in and training opportunities including music, catering, independent living, arts and crafts and issue-based projects. The venue provides information, advice and guidance to young people on a range of issues, positive activities and opportunities for personal and social development.

Hear Our Voice young people's mental health project offers outreach across the county. The project offers support and advocacy to young people with, and those at risk of, mental health problems. The project helps facilitate the children and adult mental health services (CAMHS) children and young people’s board where young people can actively inform the commissioning process and ensure their views are heard when service delivery is being planned. The project also delivers the well-being practitioner programme. Funded by Kernow Clinical Commissioning Group, Health Education England, Exeter University and the Dept. of Health.

The House Youth Centre is a town centre based youth club in St. Austell. The centre provides information, advice and guidance, positive activities, music work and issue-based workshops. The centre has dedicated music and café facilities and is the only open access youth centre in St. Austell funded by St. Austell Town Council and others.

Klysa (Community Organisations Cost of Living Grant): Funded by The National Lottery Community Fund to help alleviate the impact of the cost of living crisis on young people and their families. The project provided safe, warm spaces for young people to access and where they could access a hot meal.

Inspire Project: Originally funded by the Big Lottery Fund this programme supports the participation of young people on a range of decision-making panels.

Parish Youth Partnership: A partnership project which aims to provide youth services for young people living in the parish of St. Agnes and is funded by Big Lottery Fund & St. Agnes Parish Council.

Attune: The ATTUNE research collaboration is seeking to explore the individual, environmental, social, economic, educational and geographical factors that have an impact on the mental health of young people, both positive and negative. Young People Cornwall is responsible for the participation of young people across Cornwall in this nationally significant piece of work. Funded through Oxford & Falmouth Universities by the Medical Research Council.

You Decide: Originally funded by Big Lottery Fund, the project targets communities across Cornwall and offers positive activities for young people and opportunities for them to get involved in developing local youth provision alongside community representatives.

Youth Cafés: Youth-centre based work in Helston & Redruth commissioned by Youth Cafés CIC. The centres provide positive activities and safe spaces for young people to access.

Weight Management Project:

Funded by The Royal Cornwall Hospitals Trust, this project provides 1-1 support for young people experiencing issues around their weight and offer interventions to help them become more active.

LDA (Learning Difficulties & Autism) Participation:

Funded by Kernow Clinical Commissioning Group to work with young people & professionals to ensure the voices of young people with LDA are heard within commissioning / procurement structures.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Victim of Crime Project: Delivered in partnership with Young Devon and funded by the Office of the Police and Crime Commissioner. This project provides support to young people who have been victims of crime, offering them support, advocacy and individually tailored interventions designed to address feelings of isolation, loneliness, anxiety & loss.

Creative Art Therapy: The Creative Art Project supports children & young people who are accessing CAMHS services and the well-being practitioner service. It provides them with opportunities to engage in creative art-based activities that support their return to good mental health.

Volunteers

A traditional function of Young People Cornwall is to support volunteers who help run community led youth groups. Whilst the charity has no direct funding to provide this support, we continue to offer support to volunteers in these settings by providing a range of services including providing DBS checks, remote advice around governance issues and training opportunities. In the last year we supported 25 youth groups & 56 volunteers helping to provide essential services for young people in their communities.

In addition to supporting volunteers in the community, we are also fortunate to have hosted over 30 volunteers who worked within our direct delivery projects over the last year. These volunteers brought a host of expertise and activities to the sessions we deliver including dance workshops, cookery & food programmes, DIY, minibus driving, employment related workshops etc.

The trustees of Young People Cornwall would like to thank all of those volunteers who give their time so generously to ensure that young people can access youth activities across Cornwall.

Work for and with other organisations

The charity assists other organisations to fulfil their objectives. This work can form an income for the charity and the gross income is reported in the notes to the accounts. We aim to continue to support organisations who can contribute to furthering our aims of increasing and providing opportunities for young people living in Cornwall and to establish partnerships which promote quality work with young people.

Young People Cornwall is an affiliated organisation of UK Youth and supports them to achieve their aims and objectives. Young People Cornwall is a member of Cornwall Voluntary Sector Forum, Safer Cornwall and the Our Safeguarding Children Partnership (OSCP) and works closely with these organisations to ensure that we are able to influence strategic decision-making at a county, regional and national level.

We have worked closely with a range of partners including the One Vision Board for Cornwall and the Isles of Scilly (One Vision Partnership Board), Cornwall & IOS NHS ICB, Cornwall Foundation Trust, locality based youth work teams and other organisations who have a vested interest in the lives of young people such as Truro City Council, St. Austell Town Council, parish councils, resident associations and community groups.

Partnerships and collaborations

Young People Cornwall is involved in a range of partnerships and collaborations which enable us to improve our services and respond to the diverse needs of young people living across our county. We would like to thank the following organisations who support our work:

Cornwall VSF, Kooth, Penhaligon’s Friends, Hunrosa, Intercom Trust, Young Devon, SPACE services for Young People, We Are With You, Victim Care Unit, Devon & Cornwall Police & Crime Commissioner, CAMHS, Brook, NHS Cornwall & Isles of Scilly ICB, BF Adventure, University of St. Mark and St. John, Safer Cornwall, Safer Streets, Youth Justice Board, Cornwall & IOS OSCP, St Austell Town Council, Truro City Council, Lyskerrys Youth, Newquay Youth Centre, St. Enoder Parish Council, Berryfields Residents' Association, Blackwater Village Hall, Barnardos, Falmouth University, Oxford University, Bristol University, Exeter University, Gwennap Parish Council, St. Agnes Parish Council, Health Education England, UK Youth, Cornwall Council, Royal Cornwall Hospitals Trust, Youth Cafés Cornwall CIC & Suzy Diaz Fitness all of whom are vital in helping us maintain essential services to young people.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

These partners enable us to improve our offer to young people, bring expertise and resources to our programmes and help us achieve positive outcomes for young people accessing our services. In many cases our partners provide specialist services for the young people we are working with, providing referral pathways and exit routes for vulnerable and disadvantaged young people. In other cases, our partners enhance our delivery programmes by bringing expertise and knowledge which we can draw upon and which address particular needs or issues of the young people we are working with.

The trustees would like to thank all of our partners who help us provide young people with a wide variety of opportunities to develop their skills, confidence, resilience and self-esteem and essential specialist interventions.

Donations / Legacies

In the year 2023/24 the charity was fortunate to receive donations from various individuals’ kind enough to donate through our website. The trustees would like to extend their thanks to The Rotary Club of St. Austell, Falmouth Youth Football Club, Cornwall Saracen’s Basketball Club, Tintagel Methodist Church, students from The Roseland Academy & DreamWeaver Parties.

The trustees would also like to express their sincere gratitude to the late Mary Cleveland who bequeathed £5000 to the charity.

Financial review

The results for the year are set on page 17.

Reserves policy

The trustees review the charity’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted 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 of the charity and the trustees are confident at this level they would be able to continue the current activities in the event of a significant drop in funding.

The present level of unrestricted reserves available to the charitable company is £476,210 (2023: £436,765), this includes £145,000 of designated reserves (2023: £145,000) giving free reserves of £331,210 (2023: £291,765).

The present level of restricted reserves is £726,744 (2023: £759,454) giving total charity funds of £1,202,954 (2023: £1,196,219).

Our Funders

The Council of Management would like to express their thanks to the following funders and grant giving trusts who continue to support the valuable work of Young People Cornwall. Their investment helps us to continue to improve the quality of life for young people living in the county and to meet our charitable objectives.

NHS Cornwall & Isles of Scilly ICB, Big Lottery Fund, Cornwall Council, Cornwall Voluntary Sector Forum, Cornwall Community Foundation, NHS England, Falmouth University, Oxford University, Youth Cafés Cornwall CIC, Truro City Council, St. Austell Town Council, Liskerrys Youth, St. Agnes Parish Council, Berryfields and District Community Centre, Liskeard Town Council, Newquay Youth Project, Blackwater Village Hall, Gwennap Parish Council, St. Enoder Parish Council, Young Devon, The Office of the Police and Crime Commissioner and UK Youth.

Investment policy

The council of management has considered the most appropriate policy for investing funds and has found that bank deposit accounts meet current requirements. In recent times the trustees have directed funds into different bank accounts to ensure that our capital is protected by the Financial Services Compensation Scheme.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Internal control and risk management

To mitigate and manage risk, we maintain a detailed risk register, which is reviewed every three months by the Senior Management Team and every twelve months by the Board, and whenever significant new risks are identified.

The trustees consider the financial sustainability of the charity remains a risk given uncertain economic conditions. In the past year, staff were given a pay increase in line with a national increase in pay for youth workers. This pay award has placed extra financial pressure on the charity and combined with the extra costs associated with increased inflation– in particular increases in energy, utility and general supplies costs, the trustees expect to use some reserves to cover shortfalls in funding.

Our longer-term contracts / funding agreements are mainly at a fixed price or with an annual uplift far below the recent rates of inflation. Therefore, the charity has had to absorb a general increase in costs & make adjustments to delivery or staffing to break even. The senior management team have identified those programmes and projects where delivery costs have risen above expected income and identified efficiency changes to be made to delivery or staffing. Where possible we have negotiated with funders to increase the funding available to us to account for the increase in cost of living but where this has not been possible, we plan to scale down delivery or identify new funding sources to account for a potential shortfall.

Cyber security & data protection compliance has emerged as a risk to the charity over the last few years. Cyber incidents executed by external or internal parties that negatively impact the confidentiality, integrity and availability of the charity’s information systems and data is a growing threat. As a result of this we have improved our IT systems and compliance, achieving Cyber Essentials accreditation, ensuring staff are well trained and worked with our IT suppliers to ensure our systems are robust and compliant. The trustees are confident that the measures we have taken are sufficient to mitigate risk and ensure contractual compliance.

Demand for our services continues to grow. Over the last year we have seen a continual rise in referrals to the organisation which places extra pressure on staff capacity and the infrastructure we need to support our work – this, at a time, when donor income is squeezed and funding is harder to draw down.

The trustees recognise and acknowledge the risks associated with safeguarding and ensure we have robust systems, policies and procedures in place that help protect the young people we serve and consequently our staff and the organisation. In 2023/24 we recorded 639 safeguarding concerns – a 120% increase from the previous year - with 90 % of these related to mental health and associated issues. All staff undertake annual training & have DBS checks in place which are renewed every 3 years as a minimum. We employ several staff who are qualified safeguarding trainers and able to train internal and external staff. All concerns that are raised by staff, young people or other professionals are recorded using dedicated software which provides a real time audit trail of decisions and interventions made in response to a safeguarding concern. Our senior managers provide on-call support for frontline staff working in the evenings ensuring strong support. The trustees are confident that our systems are compliant and that our staff are highly skilled and would like to thank all staff for their diligence in ensuring that young people we work with are given the best possible support at the right time.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Plans for future periods

Our strategic aims for the period 2021-2025

Aim 1:

Create, develop and maintain high quality young person-led youth services enabling them to learn, prosper, be healthy, feel secure and connected to their families and communities.

Young People Cornwall is committed to ensuring we put young people at the heart of everything we do. The pandemic of 2020/21 may have resounding long term effects on the wellbeing, education, mental health and future prosperity of our young people. Over the next four years we will ensure that our existing and new provision remains driven by the needs of young people, responsive to the challenges they face and works with considered regard to their families.

Actions:

Aim 2:

Maintain organisational vitality and sustainability by ensuring we have the people, resources, and expertise to strengthen and expand our work.

We will build on our reputation and awareness of being a local charity for young people living in Cornwall offering a range of support and leisure services. We will support our staff to ensure they have the knowledge and expertise to give young people the right support at the right time. We will continue to diversify our income streams by working collaboratively with a range of partners.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Actions:

Aim 3:

Increase the profile of Young People Cornwall by celebrating the achievements of young people and the impact of our services.

We know that positive and high-quality youth work can have a significant impact on young people and their communities. We are committed to ensuring that young people have a platform upon which to celebrate their achievements and positive contributions they make to their communities and wider society. We will promote the value of youth work to partners and communities by celebrating our outcomes and the successes of young people engaged in our programmes.

Actions:

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 Cornwall is fulfilling its charitable objectives legally and effectively to bring about real, positive and lasting change in young people’s lives. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, the members of the Board are elected at the AGM to serve a period of three years, subject to ratification at each AGM.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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

T Eastwood R Hartley CH Wells S Hedger D Wright M Pascoe

The board of trustees is made up of individuals with a particular interest in improving the lives of young people but who also bring specialist knowledge in education, mental health, youth work and 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 agrees the activity and overall strategy for the organisation and gives due consideration to risk management, performance and financial matters. On occasion the board will appoint and organise sub-committees to cover specific aspects of the work of the charity. Day to day operations of the charity is delegated to the Chief Executive and the staff team.

The senior management comprises the Chief Executive, Youth and Community Work Manager, Hear Our Voice Project Manager, Participation & East Region Manager, Mid Region Manager (Truro & St Austell), Youth Cafes & VC Manager and Clinical Lead.

Trustee Recruitment and Training

The council of management review the composition of the board 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 reach out to and target individuals / stakeholders from the local community who may be able to assist. If such an exercise is unsuccessful then an open recruitment process will be undertaken utilising the press and social media. A selection process is then undertaken whereby prospective trustees will meet with the current board and/or senior staff and a decision will be made by the board as to whether the candidate is suitable.

Trustee training is undertaken on a regular basis: Trustees are provided with an induction pack, job description and training in various areas including safeguarding, equality and diversity and health and safety. Training that is specific to the trustee’s role will be offered as and when available or if a need is identified.

Members’ liability

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of members at 31 March 2024 is 6 (2023: 6).

Pay policy for senior staff

The trustees and the senior management team comprise the key management personnel of the charity, to be in charge of directing and controlling, running and operating the charity 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 member. Details of the board members’ expenses and related party transactions are disclosed in notes 11 and 20 to the financial statements. The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the trustees benchmark against other pay levels in other similar organisations & by using the JNC scale for youth workers.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Disclosure of information to auditor

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

The trustee's report was approved by the Board of Trustees.

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

Trustee

Date: .............................................

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) STATEMENT OF TRUSTEE'S RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees, who are also the directors of Young People Cornwall for the purpose of company law, are responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUNG PEOPLE CORNWALL

Opinion

We have audited the financial statements of Young People Cornwall (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustee's report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires

us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of trustee's responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

As part of our audit work, we obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which they operate. We determined that the laws and regulations surrounding the safeguarding of young people were most significant to the charity, as well as the laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, the Companies Act 2006 and compliance with the Charities Statement of Recommended Practice.

The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

We also communicate relevant identified laws and regulations and potential fraud risk to all engagement team members and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit approach also considered the opportunities and incentives that may exist within the charity for fraud and identified the greatest potential for fraud being in respect of cut off and completion risk around revenue recognition. Under ISA (UK) we are also required to undertake procedures to respond to the risk of management override of controls. Our procedures included the following:

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our audit report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Josh Stevens ACA (Senior Statutory Auditor) for and on behalf of RRL LLP

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

Chartered Accountants Statutory Auditor

Peat House Newham Road TRURO Cornwall TR1 2DP

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
7,278
163
Charitable activities
4
10,716
1,839,765
Investments
6
15,079
-
Total income
33,073
1,839,928
Expenditure on:
Charitable activities
8
58,616
1,807,650
Net (outgoing)/incoming resources before
transfers
(25,543)
32,278
Gross transfers between funds
64,988
(64,988)
Net income/(expenditure) for the year/
Net movement in funds
39,445
(32,710)
Fund balances at 1 April 2023
436,765
759,454
Fund balances at 31 March 2024
476,210
726,744		 Total
2024
£
7,441
1,850,481
15,079
1,873,001
1,866,266
6,735
-
6,735
1,196,219
1,202,954		 Total
2023
£
1,505
1,728,248
3,504
1,733,257
1,497,387
235,870
-
235,870
960,349
1,196,219

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
18
Unrestricted funds
Designated funds:
Financial commitment fund
Property fund
17
General unrestricted funds		 2024
£
£
15,187
82,998
1,174,709
1,257,707
(69,940)
1,187,767
1,202,954
726,744
60,000
85,000
145,000
331,210
476,210
1,202,954		 2023
£
£
20,250
82,254
1,172,509
1,254,763
(78,794)
1,175,969
1,196,219
759,454
60,000
85,000
145,000
291,765
436,765
1,196,219		 2023
£
£
20,250
82,254
1,172,509
1,254,763
(78,794)
1,175,969
1,196,219
759,454
60,000
85,000
145,000
291,765
436,765
1,196,219
1,196,219
759,454
436,765
1,196,219

These financial statements are prepared in accordance with special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual financial statements required by the Companies Act 2006 and are for circulation to the members of the company.

The financial statements were approved by the Trustees on .........................

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

Trustee

Company Registration No. 02369817

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
24
Investing activities
Interest received
Net cash generated from investing
activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
(12,879)
15,079
15,079
-
2,200
1,172,509
1,174,709		 2023
£
£
445,739
3,504
3,504
-
449,243
723,266
1,172,509		 2023
£
£
445,739
3,504
3,504
-
449,243
723,266
1,172,509
449,243
723,266
1,172,509

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Young People Cornwall is a private company limited by guarantee incorporated in England and Wales. The registered office is The House Youth Centre, Carlyon Road, ST AUSTELL, Cornwall, PL25 4DB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing 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 (FRS 102). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable. Grants could become repayable if certain conditions are not met.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.4 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

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

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relevant to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs represent the cost of relevant audit and accountancy fees.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.6 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes 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 receivable within one year are not amortised.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds represent unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results 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 future periods where the revision affects both current and future periods.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
7,278
163
For the year ended 31 March 2023
23
1,482
Income from charitable activities
Performance related grants
Other income
Analysis by fund
Unrestricted funds
Restricted funds		 Total
Total
2024
2023
£
£
7,441
1,505
1,505
Charitable
activities
Charitable
activities
2024
2023
£
£
1,844,561
1,710,440
5,920
17,808
1,850,481
1,728,248
10,716
17,297
1,839,765
1,710,951
1,850,481
1,728,248

4 Income from charitable activities

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Charitable activities

(Continued)

5 Analysis of Grant Income

Analysis of Grant Income
Unrestricted Restricted
Fund Fund 2024 2023
£ £ £ £
Assertive Outreach - 79,285 79,285 48,750
Attune - 27,771 27,771 26,211
Communities Working Together - 11,156 11,156 72,517
General Fund 8,803 - 8,803 13,151
Head Start - - - 85,336
Hear Our Voice - 815,174 815,174 598,481
Inspire - 1,200 1,200 19,772
Klysa - 51,723 51,723 -
Music Project - 22,249 22,249 14,725
NCS - - - 81,992
Parish Youth Project - 53,230 53,230 47,883
Peer Support Work - - - 13,940
Suicide Prevention - 47,160 47,160 24,638
Support Hubs - 370,999 370,999 360,331
The House - 45,350 45,350 40,549
Victims of Crime - 46,250 46,250 51,642
Weight Management - 45,761 45,761 22,576
You Decide - 54,398 54,398 53,419
Youth Cafes - 82,854 82,854 53,704
Zebs - 81,198 81,198 80,823
8,803 1,835,758 1,844,561 1,710,440

Government grants from Cornwall Council and NHS Kernow Clinical Commissioning group totalled £1,255,213 (2023: £1,192,875).

6 Investments

**Unrestricted ** Unrestricted
funds funds
general general
2024 2023
£ £
Interest receivable 15,079 3,504

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
8
Charitable activities
Unrestricted
Restricted
Fund
Fund
£
£
Staff costs
161,642
1,253,428
Depreciation and impairment
5,063
-
Training costs
196
5,435
Rent, rates and utilities
5,000
16,241
Insurance and subscriptions
1,588
37,527
Repairs and maintenance
43,771
25,105
Printing, postage and stationery
1,571
6,769
Advertising
1,076
1,634
Educational and residential costs
13,777
64,934
Telephone and IT costs
8,561
45,393
Travelling
6,671
66,057
Legal and professional
12,730
69,833
Organisational support costs
(215,278)
215,278
General expenses
-
16
46,368
1,807,650
Share of governance costs (see note 9)
12,248
-
58,616
1,807,650		 2024
£
6,500
5,063
2024
£
1,415,070
5,063
5,631
21,241
39,115
68,876
8,340
2,710
78,711
53,954
72,728
82,563
-
16
1,854,018
12,248
1,866,266		 2023
£
4,950
6,750
2023
£
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
-
119
1,483,343
14,044
1,497,387

Overhead and support costs have been allocated on an appropriate basis between activities.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

9 Support costs

Audit and accountancy
fees
Accountancy
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
6,500
-
5,748
-
12,248
-
12,248		 2024
£
6,500
5,748
12,248
12,248		 2023 Basis of allocation
£
4,950
Governance
9,094 Governance
14,044
14,044

Governance costs includes payments to the auditors of £4,650 (2023: £5,025) for audit fees, and £1,550 for other services (2023: £1,760).

10 Employees

The average monthly number of employees during the year was:

Headcount:
Full time equivalent:
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
59
44
2024
£
1,280,071
103,667
31,332
1,415,070		 2023
Number
56
36
2023
£
1,009,296
80,241
24,581
1,114,118

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024 2023
£ £
Aggregate compensation 267,336 79,002

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

11 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year other than as referred to in note 20.

12 Retirement benefit schemes

Defined contribution schemes

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

The charge to income and expenditure in respect of defined contribution schemes was £31,332 (2023: £24,581).

At the year end £Nil contributions were outstanding (2023: £Nil).

13 Tangible fixed assets

Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 86,878
At 31 March 2024 86,878
Depreciation and impairment
At 1 April 2023 66,628
Depreciation charged in the year 5,063
At 31 March 2024 71,691
Carrying amount
At 31 March 2024 15,187
At 31 March 2023 20,250

14 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors		 2024
£
75,798
7,200
82,998		 2023
£
73,654
8,600
82,254

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Creditors: amounts falling due within one year

15
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
16
Other creditors
Accruals
16
Deferred income
Arising from funding received in advance
Deferred income is included in the financial statements as follows:
Current liabilities		 2024
£
25,465
11,251
5,379
27,845
69,940
2024
£
11,251		 2023
£
18,390
36,818
3,508
20,078
78,794
2023
£
36,818
36,818
11,251
11,251
36,818

Deferred income represents funding received in advance.

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Financial commitment fund 60,000 - - - 60,000
Property fund 85,000 - - - 85,000
General funds 291,765 33,073 (58,616) 64,988 331,210
436,765 33,073 (58,616) 64,988 476,210

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Unrestricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
Financial commitment fund 60,000 - - - 60,000
Property fund 85,000 - - - 85,000
General funds 213,722 20,824 (13,363) 70,582 291,765
358,722 20,824 13,363 70,582 436,765

The financial commitment fund has been earmarked by the trustees to meet financial commitments should the charity cease at any point in the near future.

The property fund has been earmarked by the trustees to fund any future property purchase.

Movement in funds
Movement in funds		 Balance at
Income
Expenditure
Transfers
Balance at
Income
Expenditure
Transfers
Balance at		 1 April 2022
1 April 2023
31 March 2024		 £
£
£
£
£
£
£
£
£		 Assertive Outreach
-
48,750
(13,633)
-
35,117
79,285
(81,979)
-
32,423		 Attune
-
26,211
(26,055)
(156)
-
27,771
(25,422)
(1,203)
1,146		 Communities Working Together
-
72,517
(53,070)
(19,447)
-
11,156
(6,839)
-
4,317		 Headstart
38,427
85,336
(83,977)
(3,000)
36,786
-
-
(36,786)
-		 Hear Our Voice
135,454
599,963
(553,572)
(43,500)
138,345
815,343
(714,436)
-
239,252		 Inspire
27,163
19,772
(2,167)
-
44,768
1,200
(10,582)
10,000
45,386		 Klysa
-
-
-
-
-
51,723
(19,853)
(31,870)
-		 Music Project
-
14,725
(9,967)
-
4,758
22,249
(25,614)
(1,393)
-		 NCS
44,874
81,992
(83,407)
(43,459)
-
-
-
-
-		 Parish Youth Project
13,648
48,448
(42,155)
(6,000)
13,941
54,588
(56,185)
20,000
32,344		 Participation (formerly LDA)
55,000
-
(25,493)
28,500
58,007
-
(39,595)
-
18,412		 Peer support Work
30,000
13,940
(25,414)
-
18,526
-
(9,740)
-
8,786		 Personalisation (Creative Art Therapy)
87,089
-
(6,219)
-
80,870
-
(8,004)
-
72,866		 Section 136
17,681
-
(17,627)
(54)
-
-
-
-
-		 Sparkes
9,694
-
(1,421)
(8,273)
-
-
-
-
-		 Suicide Prevention
-
24,638
-
-
24,638
47,160
(29,218)
(12,307)
30,273		 Support Hubs
6,245
360,331
(152,126)
(30,000)
184,450
370,999
(305,954)
(120,000)
129,495		 The House
27,215
42,078
(85,376)
16,083
-
46,265
(73,405)
29,608
2,468		 Victims of Crime
14,191
51,642
(22,285)
-
43,548
46,250
(58,994)
-
30,804		 Weight Management
-
22,575
(15,553)
-
7,022
45,761
(35,487)
-
17,296		 Winter Covid Scheme
3,900
-
(3,900)
-
-
-
-
-
-		 YEF
3,276
-
-
(3,276)
-
-
-
-
-		 You Decide
40,327
60,866
(104,167)
40,200
37,226
56,126
(105,501)
25,251
13,102		 Youth Cafes
11,787
53,704
(64,621)
-
870
82,854
(89,247)
19,121
13,598		 Zebs
35,656
84,945
(91,819)
1,800
30,582
81,198
(111,595)
34,591
34,776		 601,627
1,712,433
(1,484,024)
(70,582)
759,454
1,839,928
(1,807,650)
(64,988)
726,744
Restricted funds
(Continued)		 Purpose of funds: Assertive Outreach- Delivery of a high quality Assertive Outreach service in partnership with colleagues from Young Devon and Torbay Youth Trust. The partnership will Assertive Outreach- Delivery of a high quality Assertive Outreach service in partnership with colleagues from Young Devon and Torbay Youth Trust. The partnership will receive requests from the police to engage with groups of young people in various areas around the peninsula who may be involved in Anti Social Behaviour (ASB). Attune - The ATTUNE research collaboration is seeking to explore the individual, environmental, social, economic, educational and geographical factors that have an impact on the mental health of young people, both positive and negative. Young People Cornwall is responsible for the participation of young people across Cornwall in impact on the mental health of young people, both positive and negative. Young People Cornwall is responsible for the participation of young people across Cornwall in this nationally significant piece of work. Communities Working Together – ESF funded programme with the aim of moving young people closer to education, employment & training by working with local employers, mentors and providing individual support to young people. Headstart - Big Lottery Fund project delivered through Cornwall Council and The Learning Partnership for Cornwall and The Isles of Scilly. Aimed at increasing the emotional resilience of young people across the county to enable them to better deal with mental health issues. emotional resilience of young people across the county to enable them to better deal with mental health issues. _Hear Our Voice -_this provides an advocacy service for young people in Cornwall who are experiencing or at risk of experiencing issues with their mental health. It offers _Hear Our Voice -_this provides an advocacy service for young people in Cornwall who are experiencing or at risk of experiencing issues with their mental health. It offers _Hear Our Voice -_this provides an advocacy service for young people in Cornwall who are experiencing or at risk of experiencing issues with their mental health. It offers young people the opportunity, within a supportive group or one-to-one environment, to explore issues related to their mental health. Additionally it provides user participation for the Child and Adolescent Mental Health Service in Cornwall. INSPIRE – funded by the Big Lottery Fund, INSPIRE aims to support young people to exert their influence over decisions made within our organisation, across the county and further afield. The project will enable young people (and especially those more disadvantaged) to become more involved in democratic processes and support them to have their voices heard at a range of strategic decision making levels. _Klysa (Community Organisations Cost of Living Grant):_Funded by The National Lottery Community Fund to help alleviate the impact of the cost of living crisis on young people and their families. The project provided safe, warm spaces for young people to access and where they could access a hot meal. Music Project - Delivery of a high quality Assertive Outreach service in partnership with colleagues from Young Devon and Torbay Youth Trust. The partnership will receive requests from the police to engage with groups of young people in various areas around the peninsula who may be involved in Anti Social Behaviour (ASB).
18

Restricted funds
(Continued)		 NCS - National Citizen Service (NCS) is an exciting leadership opportunity for young people. We delivered the programme in 2015 to 64 young people, with partners NCS - National Citizen Service (NCS) is an exciting leadership opportunity for young people. We delivered the programme in 2015 to 64 young people, with partners including BF Adventure and Cornwall College. On the life-enhancing summer programme, young people age 15 to 18 had the opportunity to develop new, vital skills and to make new friends whilst having fun. Young people took part in a week of outdoor activities, a week residential at Falmouth Tremough campus with talks from local partners including My Bnk, Coppafeel, Shelterbox etc. Groups of young people then planned, organised and carried out their own social action projects in their own communities including fundraising for Jubilee Pool, Penzance, Beach day Porthpean, ground clearance at the Track etc. Outcomes for young people included: • developing teamwork, leadership and communication skills. • developing teamwork, leadership and communication skills. • understanding communities, volunteering and participating • understanding communities, volunteering and participating • graduating from the programme and receive a signed certificate from the Prime Minister. • graduating from the programme and receive a signed certificate from the Prime Minister. • recognition by UCAS and employers across the country. • making new friends and gaining memories and confidence that will last a lifetime. Parish Youth Project - A partnership project which aims to provide youth services for young people living in the parish of St Agnes & is still in early stages of development. Participation - formerly LDA (Learning Difficulties & Autism) Participation- Funded by Kernow Clinical Commissioning Group to work with young people & professionals to ensure the voices of young people with LDA are heard within commissioning / procurement structures. to ensure the voices of young people with LDA are heard within commissioning / procurement structures. Peer Support Work – KCCG funded work which aims to enable older young people to participate in training and to become paid Peer Support workers within the Speak Peer Support Work – KCCG funded work which aims to enable older young people to participate in training and to become paid Peer Support workers within the Speak Peer Support Work – KCCG funded work which aims to enable older young people to participate in training and to become paid Peer Support workers within the Speak Up Cornwall service. Personalisation (Creative Art Therapy) - The Creative Art Project will support children & young people who are accessing CAMHS services and the well-being practitioner service. It will provide them with opportunities to engage in creative art-based activities that support their return to good mental health. _Section 136 –_Building upon our existing mental health support and detached youth work this project will work with children and young people aged 8-18 who have been subject to a Section 136 plan and or who have persistently come to the attention of the Police due to their declining emotional wellbeing/mental health needs. _Sparkes –_A project working with young women to build resilience and increasing wellbeing through inspiring young women and girls to raise their voices to lead change in their communities. in their communities. Suicide Prevention- A project designed to reduce incidences of suicide amongst young people by offering a range of support including group & individual work. Suicide Prevention- A project designed to reduce incidences of suicide amongst young people by offering a range of support including group & individual work. Support Hubs - Support hubs were set up in response to the increased emotional health & well-being needs of children and young people over the summer period of 2021 as a result of the covid pandemic. Seen as an alternative to the lack of school support as well as responding to escalating mental health presentations being made to local hospitals and CAMHS. The support hubs were provided across the county in 6 venues including: Truro, St Austell, Redruth, Liskeard, Penzance and Newquay. The House - is a town centre based youth club in St Austell. The centre provides IAG positive activities, music work and issue-based workshops. The centre has The House - is a town centre based youth club in St Austell. The centre provides IAG positive activities, music work and issue-based workshops. The centre has dedicated music and café facilities and is the only open access youth centre in St Austell. Funded by St Austell Town Council and Children in Need.
18

Restricted funds Victim of Crime Projec Victim of Crime Projec young people who ha loneliness, anxiety etc.
18

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2024
2024
£
£
Fund balances at 31 March 2024 are
represented by:
Tangible assets
15,187
-
Current assets/(liabilities)
461,023
726,744
476,210
726,744		 Total
2024
£
15,187
1,187,767
1,202,954		 Total
2023
£
20,250
1,175,969
1,196,219

20 Related party transactions

The charity had transactions with DG Wright (board member) amounting to £5,656 (2023: £4,910) for the provision of accountancy services. £Nil was outstanding at the balance sheet date (2023: £Nil).

The charity had transactions with Aspell Digital Ltd (a company owned by D Wright, board member) amounting to £Nil (2023: £2,352) for the provision of accountancy services. £Nil was outstanding at the balance sheet date (2023: £Nil).

A member of key management personnel was loaned £10,000 during a previous year, repayable over 5 years. Interest is being charged at 0.5%. At the year end, the balance of £7,200 (2023: £8,600) remained outstanding.

No board member received expense payments during the year or during the previous year.

21 Operating lease commitments

Lessee

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

Within one year
Between two and five years		 2024
£
10,000
12,500
22,500		 2023
£
10,000
22,500
32,500

22 Analysis of changes in net funds

The charity had no material debt during the year.

23 Auditor's liability limitation agreement

For the year ended 31 March 2024, the company entered into a liability limitation agreement with its auditors, the principal terms of which limit the liability of the auditors to £2,000,000 in relation to their responsibilities as auditors of the company. The date the company agreed this was 18 October 2024.

YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase in creditors
(Decrease)/increase in deferred income
Cash (absorbed by)/generated from operations		 2024
£
6,735
(15,079)
5,063
(744)
16,713
(25,567)
(12,879)		 2023
£
235,870
(3,504)
6,750
161,196
8,609
36,818
445,739