Charity registration number 801688 (England and Wales) Company registration number 02369817 YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Secretary Chief Executive Treasurer Patron Charity number Company number Principal address Registered office Auditor Bankers T Eastwood R Hartley CH Wells S Hedger D Wright M Pascoe M Stevens A March T Eastwood Mr N Smith Mr C Wells Evelyn Boscawen, 10th Viscount Falmouth 801688 02369817 The House Youth Centre Carlyon Road STAUSTELL Cornwall PL25 4DB The House Youth Centre Carlyon Road ST AUSTELL Cornwall PL25 4DB RRL LLP Peat House Newham Road TRURO Cornwall TR1 2DP Royal Bank of Scotland 2 Old Town Street PLYMOUTH Devon PL1 1DP (Appointed 10 January 2025) (Appointed 10 January 2025) YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) CONTENTS Trustee's report Statement of trustee's responsibilities Independent auditor's report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements Page 1 - 14 15 16 - 19 20 21 22 23 - 36 YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. 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. 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 can 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 - 1- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Review of activities and future developments Achievements and Performance Statistics - 2024/25 Participants: (where a young person is known to a worker by name and is registered on our database): 2237 young people accessed our direct services on a regular basis during the year. Average age of participant: 14 years 8 months. Reach: (the number of young people our services meet during our activities and campaigns) In 2024/25 the organisation reached 6,364 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: We use Outcomes Stars 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 seven 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 seven 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 2024 - March 31st 2025 and shows data referring to 386 young people accessing our services who completed a Mind Star. 89% of young people are making progress in at least one outcome area whilst 63% of young people engaged are progress in at least three outcome areas. Young people are showing good progress in 'Feelings & Emotions', 'Self Esteem' and improving their health choices. We are pleased to see that young people have been reporting more positive experiences regarding school, work and training. The first time we have seen a significan improvement since 2021. Young people are still reporting concerns and issues around where they live and feeling - 2- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Star Online Distance-travelled Report How much progress are people making in each outcome area? Feelings and emotions 58% 6% 27% 10% Healthy lifestyle 46% 9% 33% 12% Where you live 30% 38% 22 % 10 % Friends & relationships 39 % 21% 26 % 13% School, training & work 46% 8 % 33% 13% How you use your time 40% 22% 19 % 18% Self-esteem 52% 13 % 25% 10% 20 40 60 80 100 User Percentage Made progress Maintained at end point Maintained (not at end point) Dropped back 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 2024/25 our Well-Being Practitioners worked with 429 young people & provided 2,591 appointments to young people. The main reasons for being referred to us were young people experiencing anxiety and low mood. The average age of young people being referred to us was 13 years old whilst 71% were female, 28% male and 1% non-binary. The main referrers to our services were education services (37%), self-referrals (22%) and the VCSE (10%). Other referrers include CAMHS, parents, social care & GP's. The system tracks a range of outcome measures and informs us that 71% of young people showed a reliable improvement in their mental health whilst 99% of young people felt listened to, 96% of young people felt understood & 95% of young people were given ideas to work on to improve their mental health. In considering the impact our work has on our beneficiaries we routinely collect direct feedback from young people, parents and stakeholders 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 us 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: - 3- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Young people's feedback "I can now see my progress, I don't even recognise myself since joining the youth club, I feel so much happier and healthier" (Young woman, aged 15) "Being in this group allows me to be open and discuss my worries and anxieties around school" (Young man, aged "This is my safe space, I have nothing else to do or nowhere else to go" (Young woman aged 14) "Staff always believed in me when everyone said I would amount to nothing, thank you for not giving up on me" (Young woman, aged 16) "I don't feel like I need sessions to continue as I am managing my emotions well and everything is looking good" (Young man, aged 14) "Being able to have someone to talk to about the incident has taken my mind away from what happened and I haven't been thinking about it as much." "My Most significant change has to be my confidence, since coming to the sessions at Zebs I have found myself doing things without thinking about them, like going to the shop or answering my phone without a second thought, "I feel like I can talk to you, I can't really talk to mum about things." (Young woman, aged 13) "I'm safer being here than in the group I used to be in, I was going to end up on bail" (Young man, aged 16) Parent feedback "The young people are very lucky to have the youth centre. It's a lovely, warm space where the staff are always welcoming, supportive and caring in their ways" "I've seen a massive difference in my child since attending the youth group, she no longer self-harms, likes to be at home and not running away, and confides far better with myself. I believe this is down to the support she has been receiving by your youth work team" 'My daughter xxxx had counselling with a member of your team around 2016 time when xxxx was about 12 or 13.... The thing is that your worker was absolutely instrumental in turning my daughter's life around. Xxxx was very depressed, self harming badly, struggling in every way silently. We tried different counsellors through her school. doctors, etc but she didn't gel with them but then we found YPC - & thank God. I genuinely feel that Hear our Voice saved my little girl's life on every possible level - & also mine because I was a desperate Mum when we found you guys... Your worker didn't give up on her & eventually xxxx opened up. I often think about how thankful 1 am & how lucky we are that Hear our Voice helped us. Xxxx is thriving now.. She is happy & manages her emotions so much better. She is a wonderful, happy, confident 22-year-old woman who I never thought I would get to see her as an adult as painful as that is for me to think about... I can't put into words how grateful I am. It's the thing I am most grateful for of everything in my life & always will be. I will never forget how you guys helped my daughter when no one else could & changed her life. Thank God we reached out to you." Stakeholder Feedback "I perceive that what you do is a cornerstone of the community. I'd like to continue this relationship long-term. I'd personally like to thank you all for your time and for everything you do." (Helston Town Mayor) " just wanted to add my own voice of thanks for Friday night. The food was wonderful, and the young people incredibly impressive and engaged. Perran and I were speaking afterwards, and he's expressed his thanks as well, particularly to the young person asking about the future of the offering at the end." (Office of Perran Moon MP) "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." (School staff member) "I've noticed a big difference in a couple of the young people. Their behaviour around the town has been very different and I haven't had to chat with them other than to say hello for quite some time now" (Community PCSO) "Thank you so much for all the work you have done with R and how promptly your service was able to meet with her and support her." (School staff member) - 4- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Projects Assertive Outreach Project: Funded by the Office of the Police & Crime Commissioner, the project aims to deliver a high quality Assertive Outreach service in partnership with colleagues from Space Youth Services, Young Devon and Torbay Youth Trust. The partnership receives requests from the police to engage with groups of young people it 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 this nationally significant piece of work. 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. Inspire Project: Originally funded by the Big Lottery Fund this programme supports the participation of young people on a range of decision-making panels 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. 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. Personalisation Fund: Funded by the Cornwall & Isles of Scilly ICB, this Person-Centred Care Fund offers targeted, one-off support to help young people overcome barriers to positive mental health, build independence, and reduce the need for ongoing services such as CAMHS. The fund enables sustainable wellbeing through preventative, person-led interventions i.e. gym membership, appropriate footwear/clothing, or a bus pass. This helps to remove obstacles to achieving emotional resilience, social connection, and self-management. Resettlement Project: Funded by Cornwall Council, this pilot project aimed to engage refugee children, young people and their families living in the community and offer them positive activities and a safe space to enable them to integrate into community life. Social Prescribing Project: Funded by The Duchy Health Charity, this pilot project is delivered in partnership with Launceston Medical Centre and is designed to respond to the unmet needs of children and young people in the area of Launceston and Tamar Valley connecting children and young people into a broad range of services and interventions in their local area in a timely and effective way, led by the wants and needs of the young person themselves. Suicide Prevention Project: Funded by Cornwall Voluntary Sector Forum, the project is designed to reduce incidences of suicide amongst young people aged 16-25 years by offering a range of support including group & individual work. 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. 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. Weight Management Project: Funded by The Royal Cornwall Hospital's Trust, this project provides 1-1 support for young people experiencing issues around their weight and offers interventions to help them become more active. - 5- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 Café's: Youth-centre based work in Helston & Redruth commissioned by Youth Café's CIC. The centres provide positive activities and safe spaces for young people to access. personal and social development. 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. In 2024/25 we created an ambassador programme for the charity, and we would like to express our gratitude to Sam Galsworthy (High Sheriff of Cornwall 2024-25) and Grant Shepherd of Alter Architects for the time & expertise they have given us over the year. The trustees of Young People Cornwall would like to thank all 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 anc objectives. Young People Cornwall is a member of Cornwall Voluntary Sector Forum, Safer Cornwall and the Ou Safeguarding Children Partnership (OSP) and works closely with these organisations to ensure that we can influence strategic decision-making at a county, regional and national level. We have worked closely with a range of partners including Cornwall & IOS NHS ICB, Cornwall Foundation Trust ocality-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, residents' associations and community groups. - 6- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Partnerships and collaborations ouno reode cornwal is involved li 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. NHS Blackwater Village Hall, Barnardos, Falmouth University, Oxford University, Exeter University, Gwennap Parish Council, St. Agnes Parish Council, Health Education England, UK Youth, Cornwall Council, Cornwall Youth Work Collective, Royal Cornwall Hospitals Trust, & Youth Cafés Cornwall CIC all of whom are vital in helping us maintain essential services to young people. 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 needs or issues of the young people The trustees would like to thank Dr Lynette Rentoul for the clinical supervision and other training opportunities she has offered to staff over the last year. The trustees would like to thank 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 2024/25 the charity was fortunate to receive cash donations from various individuals kind enough to donate through our website. The trustees would like to extend their thanks to Penryn Saracens, Pender Law, Truro School, Pullen Davies Solicitors, Teagle Machinery, Truro Old Boys, The Rotary Club & Ned (a young person who raised £800 for our projects). Our Secret Santa Campaign was an amazing success, and the charity was able to give out gifts to the value of £4,500 to young people across the county. There are far too many businesses and individuals to name each one, but the trustees offer their heartfelt thanks to everyone who supported the campaign. Financial review The results for the year are set on page 20. -7- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 ‹penditure. The target is £375k to £750k in general funds. The reserves are needed to meet the working capit quirements of the charitv, and the trustees are confident at this level they would be able to continue the curre activities in the event of a significant drop in funding The present level of unrestricted reserves available to the charitable company is £487,956 (2024: £476,210), this includes £145,000 of designated reserves (2024: £145,000) giving free reserves of £342,956 (2024: £331,210). The present level of restricted reserves is £580,296 (2024: £726,744) giving total charity funds of £1,068,252 (2024: £1,202,954). Our Funders The Council of Management expresses its thanks to the funders and grant giving trusts listed below 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, Duchy Health Charity, Parent Carer Cornwall, 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 and to ensure we are receiving the maximum return on our deposits. - 8- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Internal control and risk management o mitigate and manage risk, we maintain a detailed risk register, which is reviewed every three months by th enior Management Team and by the Board every twelve months or whenever significant new risks are identifie undertake the following: • Financial Planning - Our annual budgeting and financial forecasts ensure we are planning responsibly. We use scenario planning to prepare for changes in income or cost pressures, such as reduced public funding or inflationary impacts on service delivery. • Responsible Stewardship of Resources - We operate with financial prudence, balancing investment in youth programmes with careful cost control. We monitor value for money across all projects, ensuring resources are focused where they have the greatest impact. • Building and Maintaining Reserves - Our reserves policy ensures we maintain a minimum level of unrestricted funds to protect core operations during funding shortfalls or emergencies. • Governance and Oversight - The Board of Trustees has strong financial oversight which includes regular reporting and an independent audit. • Investing in Future Capacity - To secure our long-term impact, we invest in our organisational infrastructure, including staff development, digital tools, and monitoring and evaluation systems. These improvements strengthen our ability to scale services, attract funding, and demonstrate outcomes for young people. Cyber security & data protection compliance has emerged as a risk to the charity over the last few years. To mitigate these risks, we ensure: • Regular Security Audits: We conduct routine vulnerability assessments and penetration testing to identify and address potential weaknesses in our systems. • Data Encryption: All sensitive data, including individual information, donor information and financial transactions, is encrypted using industry-standard protocols to ensure its confidentiality and integrity. • Employee Training: We provide training to our staff and volunteers on best practices for cyber hygiene, | identifying phishing attempts, safe handling of sensitive data, and recognizing suspicious • Multi-Factor Authentication (MFA): We require MFA for access to all critical systems, adding an extra layer of security for our online services and internal platforms. our operations or the information entrusted to us. • Partnership with Security Experts: We collaborate with reputable third-party cyber security firms to stay updated on emerging threats and implement cutting-edge security solutions. We are Cyber Essential accredited ensuring that the organisation has appropriate security protocols in place. • Data Retention and Disposal: We ensure that any personal data we no longer need is securely disposed of, in compliance with privacy laws and regulations. - 9- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Internal control and risk management (continued) The trustees recognise that staff recruitment & retention is a risk to our ability to deliver against contractual obligations and programme outcomes. Since 2020, the charity has encountered difficulties recruiting qualified youth work staff, a nationwide issue which has affected other organisations like our own. To mitigate this risk, we have and will continue to recruit staff from other areas of the children and young people's workforce e.g. social care, youth justice, teaching etc. We continue to promote professional youth work qualifications and support staff to achieve these in partnership with training providers and colleges. Staff retention is generally good, and the charity will continue to offer competitive salaries and non-financial incentives e.g. wellness workshops, flexible working arrangements, career development opportunities, positive work culture and recognition of employee achievements. 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 2024/25 we recorded 1714 safeguarding concerns - a 179% increase from the previous year - with 90% of these related to mental health and associated issues. This can place a strain on our staff and supportina infrastructure and we continue to work hard to ensure our referral systems, triaging processes and escalation procedures are robust and fit for purpose 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 that staff and volunteers have access to guidance and advice if needed. 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. - 10- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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. Actions: • Promote the voice of young people by raising awareness of local issues, ensuring the voices of young people, their families and organisations that support them, are heard, listened to and used to inform future decision making. • Identify gaps in services and provision by working with stakeholders, young people, their families and the wider community. • Remain agile, flexible and responsive to the needs of our stakeholders and the wider community. • Create bespoke packages of support for young people, schools and communities that provide personal development and opportunities for young people to fulfil their potential. • Build upon our success in engaging with and providing support to young people using digital platforms / interventions. Progress: The trustees are pleased with the progress made against this strategic aim. We continue to champion young people's voices and use their experiences and feedback to shape all our services. We actively seek funding to plug gaps in provision and continue to provide activities and services in response to identified needs; examples of this being the formation of specific groupwork targeting neurodiverse young people, a surviving winter fund for income deprived families and the Time to Move activity programme. Whilst we continue to use digital platforms to engage and support young people, the number of digital interventions we provide has continued to decline year on year since the Covid pandemic and a return to normal working. Over Christmas each year we provide on-line and telephone support to young people who may be in need. 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 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. Actions: • Invest in our team to ensure they continue to create the right culture to deliver our objectives. • Staff are encouraged to take ownership and responsibility by being involved in decision making. • Staff learning and development is planned to achieve our objectives and to ensure the needs of young people are always met. • Support and develop our staff and volunteers with quality assured training which provides pathways for progression. • Grow our own staff by identifying potential and talent and investing in those individuals. • Ensure the health and well-being of our staff team. - 11- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Actions (continued): • Ensure effective governance through support for our Board of Trustees. • Continue with our core fundraising strategy. • Develop links with corporate organisations to include fundraising, volunteering and awareness campaigns. • Develop digital fundraising campaigns. • Grow support from grant funding, legacies and donations. Progress: Significant progress has been made against this aim. We continue to invest in staff training and development opportunities. We use a digital training platform to ensure staff training is compliant and up to date as legislation changes. We have recognised that digital training is not a replacement for group training opportunities and have invested in key staff to be able to run our own in-house training courses including safeguarding, first aid, data protection, equality and diversity etc. We also draw upon key partners and other professionals to provide staff with a range of other training opportunities. In the last year we have been fortunate to draw upon the expertise of Dr Lynette Rentoul who has provided staff with progressive mental health training and support. Young People Cornwall offers external support to staff who may have health & wellbeing issues. This comes in the form of counselling support or other clinical services as needed. We have made significant improvements in our digital campaigns which have drawn down small amounts of unrestricted funding or gifts for young people. 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: • Develop a Theory of Change understandable to our stakeholders. • Develop / Improve presence on all social media platforms ensuring content is valuable, appropriate and original. • Expand use of local and social media, as well as existing channels to spread communications. • Develop local awareness and support through celebration events. • Demonstrate the impact of the charity through annual reports, info graphics etc • Invest in promotion, publicity and marketing the charity. • Review and further develop our brand & organisational website. Progress: in 2023, the trustees agreed to invest in a marketing and communications officer for the organisation which has led to significant progress against this strategic aim. This appointment has led to a re-brand, a new website and A Theory of Change has been created with the support of Cornwall Voluntary Sector Forum who provided the senior management team with training to develop the document. This has since been animated by our communications officer and uploaded onto our website. - 12- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 rnwall is fulfilling its charitable objectives legally and effectively to bring about real, positive and lasting change ung people's lives. The company was established under a Memorandum of Association, which established t 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. 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 M Stevens A March (Appointed 10 January 2025) (Appointed 10 January 2025) 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. Trustee Recruitment and Training The council of management reviews 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. It such an exercise is unsuccessful then an open recruitment process will be undertaken utilisina 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. This year we recruited two new trustees with backgrounds in youth work and mental health to increase expertise at board level in these two areas. 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 Members' liability Members of the charitable company guarantee to contribute an amount not exceeding f1 to the assets of the charitable company in the event of winding up. The total number of members at 31st March 2025 is 8 (2024: 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 treely 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 note 21 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 council benchmark against pay levels in other similar organisations & by using the JNC scale for youth workers. - 13 - YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Auditor In accordance with the company's articles, a resolution proposing that RRL LLP be reappointed as auditor of the company will be put at a General Meeting Disclosure of information to auditor The trustee's report was approved by the Board of Trustees. D Wright™ Trustee Date: 20/11/2025 - 14- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) STATEMENT OF TRUSTEE'S RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 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 Unitec Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Vie of the state of es ars or she charily and of the id statement reach aprico resource once in ta income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to: • select suitable accounting policies and then apply them consistently - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent; - 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 statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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. - 15- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUNG PEOPLE CORNWALL Opinion le have audited the financial statements of Young People Cornwall (the 'charity') for the year ended 31 Marc 25 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and th tes to the tinancial statements. li including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance with the requirements of the Companies Act 2006. 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 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. - 16- 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: the information given in the trustee's report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and the directors' report included within the trustee's report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception n the light of the knowledge and understanding of the charity and its environment obtained in the course of th audit, we have not identified material misstatements in the directors' report included within the trustee's repor 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: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees' remuneration specified 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 entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustee's report and from the requirement to prepare a strategic report. 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. -17 - YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL 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 Ime wla our responsibites, are ine above fo detect materia nil satements in respect Wiregulanies increasing ine with our responsibilities, outlined above, 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: • Discussion with management as to how compliance with these laws and regulations is monitored; • Review of the disclosures in the financial statements and testing to supporting documentation; • Enquiries of management concerning actual and potential litigation and claims; • Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; • Reviewing minutes of directors' meetings and correspondence with regulators; • Performing audit work in connection with the risk of management override of controls, including testing journal entries for reasonableness and evaluating the business rationale of significant transactions outside the normal course of business. 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: • Undertaking transactional testing on revenue • Performing completeness testing on a sample of significant projects undertaken during the year • Performing cut off testing on income • Auditing the risk of management override of controls, including through testing journal entries and othe adjustments for appropriateness, and evaluating the business rationale for significant transactions outside th normal course of business • Reviewing estimates and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making estimates. -18- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG PEOPLE CORNWALL 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 1€ 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 5. Steners Josh Stevens (ACA) (Senior Statutory Auditor) For and on behalf of RRL LLP, Statutory Auditor Chartered Accountants Peat House Newham Road TRURO Cornwall DRIe:OP 8/12/25 Date: .... - 19- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Income from: Donations and legacies Charitable activities Investments Total income Expenditure on: Charitable activities Net (outgoing)/incoming resources before transfers Gross transfers between funds Net income/(expenditure) for the year/ Net movement in funds Fund balances at 1 April 2024 Fund balances at 31 March 2025 Notes 3 4 6 9 Unrestricted Restricted funds funds 2025 2025 € € 3,739 3,296 21,910 1,815,976 19,700 - 45,349 1,819,272 71,815 (26,466) 38,212 11,746 476,210 487,956 1,927,508 (108,236) (38,212) (146,448) 726,744 580,296 Total 7,035 1,837,886 19,700 1,864,621 1,999,323 (134,702) - (134,702) 1,202,954 1,068,252 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 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. - 20- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2025 Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds Designated funds: Financial commitment fund Property fund General unrestricted funds Notes 13 14 15 2025 2024 11,390 15,187 174,064 958,979 1,133,043 (76,181) 82,998 1,174,709 1,257,707 (69,940) 1,056,862 1,068,252 1,187,767 1,202,954 18 580,296 726,744 145,000 - 145,000 342,956 60,000 85,000 145,000 331,210 487,956 1,068,252 476,210 1,202,954 These financial statements are prepared in accordance with special provisions of Part 15 of the Companies Ac relating to small companies and constitute the annual financial statements required by the Companies Act 2006 an are for circulation to the members of the company. The financial statements were approved by the Trustees on 20111/2021 D Wright Trustee Company Registration No. 02369817 - 21 - YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Cash flows from operating activities Cash absorbed by operations Investing activities Interest received Net cash generated from investing activities Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Notes 23 2025 2024 (235,430) (12,879) 19,700 15,079 19,700 15,079 (215,730) 1,174,709 958,979 2,200 1,172,509 1,174,709 - 22- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 1.4 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. Resources expended 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 anc 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. - 23- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 angible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net epreciation and any impairment losse 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% reducing balance 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 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquic investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown 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. net basis or to realise the asset and settle the liability simultaneously. Basic financial assets transaction price including transaction effective interest method unless the arrangement constitutes a financing transaction, where the transaction i 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. - 24- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 received. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are 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 ir 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. - 25- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3 Donations and legacies Unrestricted Restricted funds funds Total 2025 € 7,035 Total 2024 4 Donations and gifts For the year ended 31 March 2024 Income from charitable activities 3,739 7,278 3,296 163 7,441 7,441 Performance related grants Other income Charitable Charitable activities activities 2025 2024 1,832,368 5,518 1,837,886 1,844,561 5,920 1,850,481 Analysis by fund Unrestricted funds Restricted funds 21,910 1,815,976 1,837,886 10,716 1,839,765 1,850,481 - 26- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities 5 Analysis of Grant Income (Continued) 6 Unrestricted Restricted Fund Fund Assertive Outreach Attune Communities Working Together CYP Social Prescriber General Fund Hear Our Voice Inspire Klysa Music Project Parish Youth Project Participation Personalisation Resettlement Project Suicide Prevention Support Hubs The House Victims of Crime Weight Management You Decide Youth Cafes Zebs : 19,925 ... . . . 19,925 2025 74,968 74,968 31,024 31,024 8,917 8,917 19,925 704,537 704,537 9,450 9,450 : : 25,500 116,515 25,500 116,515 34,989 12,671 34,989 44,220 12,671 44,220 370,889 370,889 55,199 55,199 52,500 52,500 29,728 29,728 84,092 84,092 102,589 102,589 54,655 54,655 1,812,443 1,832,368 Government Grants from Cornwall Council and NHS Kernow Clinical Commisioning group totalled £1,161,152 (2024: 1,255,213) Investments 2024 79,285 27,771 11,156 8,803 815,174 1,200 51,723 22,249 53,230 : 47,160 370,999 45,350 46,250 45,761 54,398 82,854 81,198 1,844,561 Interest receivable Unrestricted Unrestricted funds general funds general 2025 2024 € 19,700 15,079 - 27- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7 8 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 2024 6,750 3,797 6,500 5,063 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 18. Charitable activities Staff costs Depreciation and impairment Training costs Rent, rates and utilities Insurance and subscriptions Repairs and maintenance Printing, postage and stationery Advertising Educational and residential costs Telephone and IT costs Travelling Legal and professional Organisational support costs General expenses Unrestricted Restricted Fund € Fund € 213,327 3,797 1,380 5,000 9,593 21,865 1,508 11,332 9,606 5,557 5,405 10,494 (243,167) 1,332,490 2,938 15,024 37,974 20,818 3,969 1,358 34,825 33,200 68,333 133,412 243,167 - Share of governance costs (see note 10) 55,697 16,118 71,815 1,927,508 1,927,508 2025 € 1,545,817 3,797 4,318 20,024 47,567 42,683 5,477 12,690 44,431 38,757 73,738 143,906 : 1,983,205 16,118 1,999,323 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 1,854,018 12,248 1,866,266 Overhead and support costs have been allocated on an appropriate basis between activities. - 28 - YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs Support Governance costs costs 2025 2024 Basis of allocation Audit and accountancy fees Accountancy : - 10,600 5,518 16,118 10,600 5,518 16,118 Analysed between Charitable activities - 16,118 16,118 Governance costs includes payments to the auditors of £7,950 (2024: £4,650) fol audit fees, and £2,650 for other services (2024: £1,550) 11 Employees The average monthly number of employees during the year was: Governance 6,500 5,748 Governance 12,248 12,248 Headcount: Full time equivalent: Employment costs Wages and salaries Social security costs Other pension costs 2025 Number 58 42 2025 1,385,910 124,270 35,637 1,545,817 2024 Number 59 44 2024 € 1,280,071 103,667 31,332 1,415,070 Redundancy and termination payments totalling £10,208 (2024: ENil) were made in the year. 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: Aggregate compensation 2025 309,905 2024 267,336 - 29 - YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Retirement benefit schemes Defined contribution schemes he charity operates a defined contribution pension scheme for all qualifying employees. The assets of tr cheme are held separately from those of the charity in an independently administered fun The charge to income and expenditure in respect of defined contribution schemes was £35,637 (2024: £31,332). At the year end ENil contributions were outstanding (2024: ENil). 13 Tangible fixed assets Motor vehicles Cost At 1 April 2024 At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charged in the year At 31 March 2025 48,500 48,500 33,313 3,797 37,110 Carrying amount At 31 March 2025 At 31 March 2024 11,390 15,187 14 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors 168,964 5,100 174,064 75,798 7,200 82,998 15 Creditors: amounts falling due within one year Other taxation and social security Deferred income Other creditors Accruals Notes 16 2025 € 24,741 16,007 6,683 28,750 76,181 2024 25,465 11,251 5,379 27,845 69,940 - 30 - YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Deferred income 2025 16,007 2024 11,251 Arising from funding received in advance Deferred income is included in the financial statements as follows: Current liabilities 16,007 16,007 11,251 11,251 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 2024 Incoming resources Resources expended Transfers At 31 March 2025 Financial commitment fund Property fund General funds 60,000 85,000 331,210 476,210 45,349 : (71,815) (71,815) 85,000 (85,000) 38,212 38,212 145,000 342,956 487,956 Previous year: At 1 April Incoming resources € Resources expended Transfers At 31 March 2024 € Financial commitment fund Property fund General funds 60,000 85,000 291,765 : 33,073 : (58,616) 64,988 436,765 33,073 (58,616) 64,988 60,000 85,000 331,210 476,210 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. - 31 - YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds De usestricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific condions by donors as to how they may Movement in funds Income Expenditure Transfers Balance at 1 April 2024 Movement in funds Income Expenditure Transfers Balance at 31 March 2025 Assertive Outreach Atumunties Working Together CYP Social Prescriber Headstart Hear Our Voice Inspire Kivsa Music Project Parish Youth Project Participation (formerly LDA) Peer support Work Personalisation (Creative Art Therapy) Resettlement Project Suicide Prevention Support Hubs The House Victims of Crime Weight Management You Decide Youth Cafes Zebs Balance at 1 April 2023 35,117 36,786 138,345 44,768 4,758 13,941 58,007 18,526 80,870 24,638 184,450 43,548 7,022 37,226 870 30,582 759,454 79,285 27,771 11,156 (81,979) (25,422) (6,839) (1,203) 32,423 1,146 4,317 815,343 1,200 51,723 22,249 54,588 (714,436) (10,582) (19,853) (25,614) (56,185) (39,595) (9,740) (8,004) (36,786) 10,000 (31,870) (1,393) 20,000 239,252 45,386 47,160 370 999 46.265 46,250 45,761 56,126 82,854 81,198 1,839,928 (29,218) (305,954) (73,405) (58,994) (35,487) (105,501) (89,247) (111,595) (1,807,650) (12,307) (120,000) 29,608 25251 19.121 34,591 (64,988) 32,344 18.412 8.786 72,866 30,273 129,495 2,468 30,804 17,296 13,102 13,598 34,776 726,744 74,968 31,774 8,917 704,537 9,450 (81,162) (32,000) (8.921) (775,851) (13,250) (613) (1,240) 25,861 116,515 (46,868) (87,816) 34,989 (12,964) 12,671 (4,120) 44,220 (37,604) 370,889 (358,263) 57,859 52,500 (72,707) (68,577) 29,728 85,428 (48,407) (84,304) 103,164 (113,928) 55,802 (78,913) 1,819,272 (1,927,508) 26,229 920 (4,317) 167,938 49,058 7,472 613 1,240 1,215 (7,471) (8,786) (20,000) (8,551) (6,062) (13,990) 12,465 1,383 10,460 6,583 (10,470) (38,212) 12,552 39,640 74891 30,827 128,131 85 14,727 24,586 9,417 1,195 580,296 - 32- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 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 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 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. CYP Social Prescriber - The Launceston Social Prescriber responds to the unmet needs of children and young people in the PCN area of Launceston and Tamar Valley, working to a social prescribing model. They will connect children and young people into a broad range of services and interventions in their area based on and led by their needs and in a timely and effective way. The social prescriber will help develop ideas and initiatives in the area attracting new organisations and developing new services in conjunction with education, VCSE and young people themselves. The social prescriber will work in partnership with Launceston and Tamar PCN and Young People Cornwall who will employ the worker. The worker will receive referrals predominantly from the PCN, and also schools, through YPC and other organisations. 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. 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). 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. - 33- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds (Continued) 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. 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. Resettlement project - The pilot project aimed to engage and deliver youth work activities to young people living in refugee families resettled in the Nansledan area of Newquay. The partnership project delivered by BF Adventure, Young People Cornwall, Carefree and Cornwall Council supported young people and their families over the summer of 2024 as part of their resettlement into Cornwall and the community. Young People Cornwall and BF Adventure provided creative, interactive sessions and community-based activities. The project enabled young people to build friendships, develop relationships with youth workers outside of the family home, develop key skills and foster cultural exchange. 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 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. 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 their support, advocacy and individually tailored interventions designed to address fallings of isolation, loneliness, anxiety etc. Weight Management - A project designed to reduce incidences of suicide amongst young people by offering a range of support including group & individual work. You Decide - Funded by Big Lottery Fund, the project targets communities across Cornwall and offers positive activities for young people to get involved in and enables them to work alongside their communities to set up sustainable youth provision. Youth Cafes - Project commissioned by Youth Cafes Cornwall CIC to delivery youth work in Helston & Redruth to young people aged 11-19 years. The project provides safe spaces (typically in re-purposed buildings) where young people can meet and access a variety of youth work activities and workshops. Zebs - Zebs was started in 1994 by a aroup of vound people because of the lack of facilities for voung people in Truro. We work with young people aged 11-25 years. Young people can drop in for tea, a chat, a game of pool, music or art or issue based workshops, or to get one to one counselling, information and advice and the chance to have your views heard. Zebs can respond to young peoples' needs quickly, creatively and flexibly. - 34- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysis of net assets between funds Fund balances at 31 March 2025 are represented by: Tangible assets Current assets/(liabilities) Unrestricted Restricted funds funds 2025 2025 € € 11,390 476,566 487,956 580,296 580,296 Total 2025 Total 2024 11,390 1,056,862 1,068,252 15,187 1,187,767 1,202,954 20 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 2025 € 10,000 2,500 12,500 2024 € 10,000 12,500 22,500 21 Related party transactions re charity had transactions with DG Wright (board member) amounting to £5,363 (2024: £5,656) for th ovision of accountancy services. ENil was outstanding at the balance sheet date (2024: EN • member of key management personnel was loaned £10,000 during a previous year, repayable over 5 year nterest is being charged at 0.5%. At the year end, the balance of £5,100 (2024: £7,200) remaine outstanding. No board member received expense payments during the year or during the previous year. 22 Analysis of changes in net funds The charity had no material debt during the year. - 35- YOUNG PEOPLE CORNWALL (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Cash generated from operations (Deficit)/surpus 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) in debtors Increase in creditors Increase/(decrease) in deferred income Cash absorbed by operations 24 Auditor's liability limitation agreement 2025 (134,702) (19,700) 3,797 (91,066) 1,485 4,756 (235,430) 2024 6,735 (15,079) 5,063 (744) 16,713 (25,567) (12,879) For the year ended 31 March 2025, 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 28 July 2025. - 36-