YouthBank International Network Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 December 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 5,600 5,600 Charitable activities: YouthBank Network 32,836 201,853 234,689 119,075 Total income 38,436 201,853 240,289 119,075 Expenditure on: Charitable activities: YouthBank Network 31,862 91,606 123,468 145,015 Total expenditure 31,862 91,606 123,468 145,015 Net income/{expenditure) before net gains/(losses) on investments 6,574 110,247 116,821 (25, 940) Net income/(expenditure) for the year 6,574 110,247 116,821 (25,940) Transfer between funds Net movement in funds for the year 6,574 110,247 116,821 (25,940) Reconciliation of funds Total funds brought forward 3,825 12,951 16,776 42,716 Total funds carried forward 10,399 123,198 133,597 16,776 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. A full comparative SOFA is available on the last page of the financial statements. 36
YouthBank International Network Company number N1625358 Balance sheet as at 31 December 2024 Note 2024 2023 Current assets Debtors Cash at bank and in hand li 4,487 136,925 5,408 24,646 12 Total current assets 141,412 30,054 Liabilities Creditors: amounts falling due in less than one year 13 (7,815) (13,278) Net current assets 133,597 16,776 Total assets less current liabilities 133,597 16,776 Net assets 133,597 16,776 The funds of the charity: Restricted income funds Unrestricted income funds 14 123,198 10,399 12,951 3,825 15 Total charity funds 133,597 16,776 For the year in question, the company was entitled to exemption from an audit under section 477 of the ComDanies Act 2006 relatino to small companies. Di rectors, responsi bi l ities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on pages 39 to 52 form part of these accounts. Approved by the trustees on 05/06/2025 and signed on their behalf by: Norman Leet (Chair) 37
YouthBank International Network Statement of Cash Flows for the year ending 31 December 2024 Note 2024 2023 Cash provided by/(used in) operating activities 17 112,279 (34,902) Increase/(decrease) in cash and cash equivalents in the year 112,279 (34, 902) Cash and cash equivalents at the beginning of the year 24,646 59,548 Cash and cash equivalents at the end of the year 136,925 24,646 38
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 Accounting policies The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a Basis of preparation The financial statements have been prepared in accordance with 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), second edition October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice. YouthBank International Network meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. b Preparation of the accounts on a going concern basis The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. 39
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) c Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliablv and is not deferred. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacyi in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charityi or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. d Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. refer to the trustees, annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognised in expenditure in the period of receipt. e Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable bv the Bank. 40
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) f Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. g Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headinas: Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. h Tangible fixed assets Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives. There are currently no fixed assets. 41
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) i Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. j Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. k Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. l Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. m Foreign currencies Transactions entered into in currencies other than sterling are included in the accounts after conversion at the bank rate in force on the date. 42
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) Legal status of the charity The charity is a company limited by guarantee registered in Northern Ireland and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 2. Income from donations and legacies Current reporting period Unrestricted Restricted Total 2024 Donations From Patron Other donations 4,000 1,600 4,000 1,600 Total 5,600 5,600 Previous reporting period Unrestricted Restricted Total 2023 Donations Total 43
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) Income from charitable activities Current reporting period Unrestricted Restricted Total 2024 Private Donor Europe Foundation Kristian Gerhard Jebsen Foundation Subscription Income Other 51,853 51,853 1,344 150,000 15,993 15,499 1,344 150,000 15,g93 15,499 Total 32,836 201,853 234,689 Previous reporting period Unrestricted Restricted Total 2023 Private Donor Europe Foundation King Baudouin Foundation Subscription Income Other 67,120 67,120 10,900 4,754 31,461 4,840 10,900 4, 754 31,461 4,840 Total 47,201 71,874 119,075 44
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) Analysis of expenditure on charitable activities Current reporting period Total 2024 Total 2023 Training & Workshops Marketing & Promotion Production & Staffing Travel, Accommodation & Subsistence Insurance & Rent Bank Charges Office & Miscellaneous IT Software & Consumables Governance Costs (see note 6) 4,358 3,094 94,044 15,133 2,191 907 286 2,069 1,386 6,513 366 112,404 17,759 2,396 893 197 3,167 1,320 123,468 145,015 2024 2023 Restricted expenditure Unrestricted expenditure 91,606 31,862 88,923 56,092 123,468 145,015 Analysls of governance Basis of apportionment Total 2024 Total 2023 Accountancy and Independent Examination Governance 1,386 1,320 1,386 1,320 45
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) Net income/(expenditure) for the year This is stated after charging/(crediting): 2024 2023 Independent examiner's fee Accountancy fees Independent examination 925 230 880 220 staff costs No employees has employee benefits in excess of £60,000 (2023: Nil). The average number of staff employed during the period was O (2023.. 0). The key management personnel of the charity comprise the trustees and the Chief officer. The total employee benefits of the key management personnel of the charity were £nil (2023.. £nil). Trustee remuneration and expenses, and related party transactions No trustees received any remuneration or reimbursed expenses for their role as a trustee during the year (2023: Nil). Aggregate donations from related parties were £4,000 (2023: £nil). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. Vernon Ringland, who served as Chief Officer until September 2024, received total fees of £23,702 during the year (2023: £23,815). including £17,864 for the 9 months worked in this role. Peter Little, who began as Chief Officer in September 2024 under the trading name Plan with People, received total fees of £13,000 for the year, with £3,500 for the 3.5 months worked in the role of Chief Officer. 46
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) 10 Corporation tax The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 11 Debtors 2024 2023 Prepayments and accrued income 4,487 5,408 4,487 5,408 12 Cash at bank and in hand 2024 2023 Cash at bank and on hand 136,925 24,646 136,925 24,646 13 Creditors: amounts falling due within one year 2024 2023 Other creditors and accruals Deferred income 1,804 6,011 3,629 9,649 7,815 13,278 47
YouthBank International Network
Notes to the accounts for the year ended 31 December 2024 (continued)
14 Analysis of movements in restricted funds
| Balance at 1 January 2024 £ 5,251 Private Donor 7,700 - Total 12,951 Balance at 1 January 2023 £ 30,000 Private Donor - - Total 30,000 Current reporting period The Dulverton Trust The Dulverton Trust Kristian Gerhard Jebsen Foundation King Baudouin Foundation Previous reporting period |
Income £ - 51,853 150,000 201,853 Income £ - 67,120 4,754 71,874 |
Expenditure £ (5,251) (57,432) (28,923) (91,606) Expenditur e £ (24,749) (59,420) (4,754) (88,923) |
Transfers £ - - - - Transfers £ - - - - |
Balance at 31 December 2024 £ - 2,121 121,077 |
|---|---|---|---|---|
| 123,198 | ||||
| Balance at 31 December 2023 £ 5,251 7,700 - |
||||
| 12,951 |
48
YouthBank International Network
Notes to the accounts for the year ended 31 December 2024 (continued)
14 Analysis of movements in restricted funds (cont.)
Name of restricted fund Description, nature and purposes of the fund
The Dulverton Trust Funding towards YouthBank England Pilot Private Donor An anonymous donor who is funding YBI’s Future Rising Project over a three year period beginning in April 2023. The programme supports YBI to develop our alumni network, to establish a diverse Associate Team (AT) of YouthBank practitioners and to establish 3 YouthBank Networks with partners in Indonesia, India, Nepal and South Africa.
Kristian Gerhard YouthBank International is delighted to have begun a significant new Jebsen Foundation partnership with the Kristian Gerhard Jebsen Foundation (KGJF). This collaboration is set to fund our project titled "YouthBank: Changing the Conversations – Real Lives. Real Money. Real Change.". The project’s core aim is to establish and support a minimum of 10 new YouthBank sites across England over the next three years, specifically focusing on fostering youth engagement, fundraising, and broader community impact. We are profoundly grateful for the generous financial support from KGJF, totalling £424,000 over the three-year duration. This funding, disbursed as £150,000 in Year 1 and £137,000 in Years 2 and 3, is instrumental in enabling YBI to implement the project's key activities, including recruitment, training, and building vital business and support networks for local organisations. King Baudouin Funding to facilitate Young People to get to a peace conference in Belgium Foundation
49
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) 15 Analysis of movement in unrestricted funds Current reporting period Balance ati January 2024 Asat31 December 2024 Income Expenditure Transfers General fund 3,825 38,436 (31,862) 10,399 3,825 38,436 (31,862) 10,399 Previous reporting Balance period atl January 2023 Asat31 December 2023 Expenditur Income Transfers General fund 12,716 47,201 (56, 092) 3,825 12,716 47,201 (56, 092) 3,825 Name of unrestricted fund Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds 50
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) 16 Analysis of net assets between funds Current reporting period General fund Designated funds Restricted funds Total Net current assets/(liabilities) 10,399 123,198 133,597 Total 10,399 123,198 133,597 Previous reporting period General fund Designated funds Restricted funds Total Net current assets/(liabilities) 3,825 12,951 16,776 Total 3,825 12,951 16,776 17 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net income/(expenditure) for the year Adjustments for: Decrease/(increase) in debtors Increase/(decrease) in creditors 116,821 (25, 940) 921 (5,463) 6,737 (15,699) Net cash provided by/(used in) operating activities 112,279 (34, 902) 51
YouthBank International Network Notes to the accounts for the year ended 31 December 2024 (continued) 18 Prior year Statement of Financial Activities (including Income and Expenditure account) Unrestricted funds Restricted funds Total funds 2023 Total funds 2022 Note Income from: Donations and legacies 415 Charitable activities.. YouthBank Network 47,201 71,874 119,075 70,223 Total income 47,201 71,874 119,075 70,638 Expenditure on: Charitable activities.. YouthBank Network 56,092 88,923 145,015 91,557 Total expenditure 56,092 88,923 145,015 91,557 Net income/(expenditure) before net gains/(losses) on investments (8,891) (17,049) (25,940) (20,919) Net Income/(expenditure) for the year (8,891) (17,049) (25,940) (20,919) Transfer between funds Net movement in funds for the year (8,891) (17,049) (25,940) (20,919) Reconciliation of funds Total funds brought forward 12,716 30,000 42,716 63,635 Total funds carried forward 3,825 12,951 16,776 42,716 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 52