YOUTH CONNECTIONS Charity Accounts

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COMPANY REGISTRATION NUMBER: SC281396

CHARITY REGISTRATION NUMBER: SC030349

YOUTH CONNECTIONS

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2020

YOUTH CONNECTIONS

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2020

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	5

Statement of financial activities (including income and expenditure account)	7

Statement of financial position	8

Notes to the financial statements	9

YOUTH CONNECTIONS

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2020

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2020 .

Reference and administrative details

Registered charity name	YOUTH CONNECTIONS

Charity registration number	SC030349

Company registration number	SC281396

Principal office and registered	1 BURNS SQUARE
office	GREENOCK
	RENFREWSHIRE
	PA16 0NT
	SCOTLAND

The trustees

	MISS. M. SMITH
	MR. R. BROWNING
	MR. D. GOLDTHORP
	MRS. E. McDONALD
	MISS. L CUNNINGHAM
	MISS C.P. STEWART
	MISS E. E. HEPBURN	(Resigned 24 February 2020)

Company secretary	MELANIE SMITH

Independent examiner	MICHAEL HARKINS C.A.
	13 William Street
	Greenock
	Scotland
	PA15 1BT

Structure, governance and management

Youth Connections is registered as a Company Limited by Guarantee with charitable status which began trading on 1st April 2005 in accordance with Memorandum and Articles of Association of Youth Connections, dated 15th February 2005. As per the constitution of the former voluntary youth organisation, all assets were transferred to the new Company on it's creation.

The charity is governed by a Board of Trustees/Directors who are nominated and elected by members at the Annual General Meeting. All Trustees are registered as Company Directors. Membership is open to users of the services and those with an interest in activities for young people. Trustees are elected for up to a three year period after which they are eligible for re-election. Office Bearers are elected annually by the Board.

New Trustees attend an induction course and briefing sessions are held, as appropriate, by the Company Manager. Training needs are assessed on an annual basis and training is held when required.

The Office Bearers of the Board line manage the Company Manager on behalf of all Trustees. Sub groups for such as financial reviews, funding proposals, staff appraisals are formed as required.

The Board nominate Board Trustees and other relevant interested parties to sit on the Youth Advisory Committee as dictated by the Memorandum and Articles.

The Company Manager is responsible for all operational matters and line management of all employees and volunteers.

Objectives and activities

The aims and objectives of the Company are:-

a) To increase young people's access to training, learning, and employment.

b) To act as a catalyst for the development of productive relationships between young people and statutory, private and public sectors.

c) To increase the social well being of young people in Inverclyde through social, leisure and personal development issues.

d) Increase access to facilities for young people in Inverclyde and provide locally based services.

e) Provide information as determined by the needs and issues of young people.

f) Increase the capacity of young people to play a role in the decision making process.

g) Promote accessible internet services for 11 to 25 year olds.

In pursuit of our aims and objectives, we will:-

1) Work with such people individually or in groups.

2) Safeguard young people's confidentiality and basic human rights.

3) Provide relevant up to date information at all times.

4) Network with other groups and organisations.

5) Promote good practice and transparency in all that we do.

Achievements and performance

In addition to now having almost 400 members, we :-

- Continued to run accredited training courses in our community learning centre.

- Ran a variety of health initiatives for young people.

- Continued our youth club for young people with autism.

- Ran various arts and craft projects.

- Continued to undertake joint work with Inverclyde Council and Voluntary Community

Groups.

- Ran a comprehensive schools summer holiday activities programme.

- Continuous Training and Development for staff and young people.

- Various trips have been organised for the young people.

- Contributed to a variety of other community initiatives and events,.

Financial review

The Board Trustees monitor the financial controls of the Company and ensure that the appropriate Financial Procedures are in place.

The Charity's financial year runs from 1st April to 31st March. Day to day responsibility for the organisation's finances is vested in the Manager who reports regularly to the Board. Any exceptional expenditure must be approved by the Board of Directors.

The Board's annual accounts are independently prepared by a Chartered Accountant who is appointed by vote at the Annual General Meeting. Annual independently examined accounts are presented to the Board at the Annual General Meeting, normally held in September for the approval of the members.

The unrestricted reserve funds of the Company would allow the organisation to continue operating for 3 months to allow continued service delivery should current funding not be available and allow alternative funding to be sought.

This would, in the worst case scenario, allow sufficient time to make sure that all obligations are met and wind up the charity should this be necessary. An exit strategy is in place.

It is the intention of the Trustees to increase the reserve funds to allow a a maximum of 6 months unrestricted running costs.

Restricted Funding Received 2019/2020:

Inverclyde Council - £99750

Big Lottery Fund - £28842

National Lottery Heritage Fund - £9550

Plans for future periods

The aim is to maintain the Company and continue to improve the quality of services to the young people of Inverclyde.

We will look at further diversifying what services we offer to our members.

We will continue to:-

Explore funding options as appropriate to sustain and expand our Company.

Increase the training offered to members, staff and volunteers.

Continue to develop and amend our procedures as required by new and updated legislation.

S.O.F.A. disclosure notes:-

The average number of staff employed ( on a full-time equivalent basis ) was 6.

Staff and pension costs amounted to £118032.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 14 October 2020 and signed on behalf of the board of trustees by:

MR. D. GOLDTHORP

Trustee

YOUTH CONNECTIONS

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of YOUTH CONNECTIONS

Year ended 31 March 2020

I report to the trustees on my examination of the financial statements of YOUTH CONNECTIONS ('the charity') for the year ended 31 March 2020.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

MICHAEL HARKINS C.A. Independent Examiner

13 William Street Greenock Scotland PA15 1BT

14 October 2020

YOUTH CONNECTIONS

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2020

	2020			2019
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	14,201	138,142	152,343	170,081
Other trading activities	6	17,547	–	17,547	21,308
		--------	---------	---------	---------
Total income		31,748	138,142	169,890	191,389
		--------	---------	---------	---------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies	7	–	159,747	159,747	136,497
	Costs of other trading activities	8	23,803	–	23,803	18,281
			--------	---------	---------	---------
Total expenditure			23,803	159,747	183,550	154,778
			--------	---------	---------	---------

	--------	---------	---------	---------
Net (expenditure)/income and net movement in funds	7,945	( 21,605)	( 13,660)	36,611
	--------	---------	---------	---------

Reconciliation of funds

Total funds brought forward	53,993	18,575	72,568	35,957
	--------	---------	---------	---------
Total funds carried forward	61,938	( 3,030)	58,908	72,568
	--------	---------	---------	---------

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

All income and expenditure derive from continuing activities.

YOUTH CONNECTIONS

Company Limited by Guarantee

Statement of Financial Position

31 March 2020

	2020	2019
Note	£	£

Current assets

Debtors	12	23,528	16,908
Cash at bank and in hand		46,504	65,213
		--------	--------
		70,032	82,121

Creditors: amounts falling due within one year	13	11,124	9,553
		--------	--------
Net current assets		58,908	72,568
		--------	--------
Total assets less current liabilities		58,908	72,568
		--------	--------
Net assets		58,908	72,568
		--------	--------

Funds of the charity

Restricted funds		( 3,030)	18,575
Unrestricted funds		61,938	53,993
		--------	--------
Total charity funds	14	58,908	72,568
		--------	--------

For the year ending 31 March 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 14 October 2020 , and are signed on behalf of the board by:

MR. R. BROWNING

Trustee

YOUTH CONNECTIONS

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2020

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in SCOTLAND and a registered charity in Scotland. The address of the registered office is 1 BURNS SQUARE, GREENOCK, RENFREWSHIRE, PA16 0NT, SCOTLAND.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

Youth Connections is a Company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2020
£	£	£

Donations

	Donations	–	–	–

Grants

Inverclyde Council - Grant	–	99,750	99,750
Grants receivable - Big Lottery Fund	–	28,842	28,842
Grants receivable - The Robertson Group	–	–	–
Grants receivable - Chance to Succeed	–	–	–
Grants receivable - National Lottery Heritage Fund	–	9,550	9,550
Grants receivable - YouthLink Scotland	9,201	–	9,201
Grants receivable - Inverclyde Council Playscheme	5,000	–	5,000
	--------	---------	---------
	14,201	138,142	152,343
	--------	---------	---------

Unrestricted Funds	Restricted Funds	Total Funds 2019
£	£	£

Donations

	Donations	2,300	–	2,300

Grants

Inverclyde Council - Grant	–	114,000	114,000
Grants receivable - Big Lottery Fund	–	28,892	28,892
Grants receivable - The Robertson Group	–	10,000	10,000
Grants receivable - Chance to Succeed	–	9,889	9,889
Grants receivable - National Lottery Heritage Fund	–	–	–
Grants receivable - YouthLink Scotland	–	–	–
Grants receivable - Inverclyde Council Playscheme	5,000	–	5,000
	-------	---------	---------
	7,300	162,781	170,081
	-------	---------	---------

6. Other trading activities

	Unrestricted Funds	Total Funds 2020	Unrestricted Funds	Total Funds 2019
	£	£	£	£
Inverclyde Council - Youth Zone Salaries	–	–	10,000	10,000
Tuck Shop Income	1,059	1,059	3,172	3,172
Service Income	16,488	16,488	6,136	6,136
Inverclyde Council - Autism Group	–	–	2,000	2,000
	--------	--------	--------	--------
	17,547	17,547	21,308	21,308
	--------	--------	--------	--------

7. Costs of raising donations and legacies

	Restricted Funds	Total Funds 2020	Restricted Funds	Total Funds 2019
	£	£	£	£
Costs of raising donations and legacies - Grants receivable	159,747	159,747	136,497	136,497
	---------	---------	---------	---------

8. Costs of other trading activities

	Unrestricted Funds	Restricted Funds	Total Funds 2020
	£	£	£
Costs of other trading activities	23,803	–	23,803
	--------	----	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2019
	£	£	£
Costs of other trading activities	14,481	3,800	18,281
	--------	-------	--------

9. Independent examination fees

	2020	2019
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	3,000	3,000
	-------	-------

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2020	2019
	£	£
Wages and salaries	112,002	108,687
Social security costs	6,030	5,118
Other employee benefits	799	176
	---------	---------
	118,831	113,981
	---------	---------

The average head count of employees during the year was 6 (2019: 6 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2020	2019
	No.	No.
Number of staff - Management	1	1
Number of staff - Administration	1	1
Number of staff - Support	4	4
	----	----
	6	6
	----	----

No employee received employee benefits of more than £60,000 during the year (2019: Nil).

11. Trustee remuneration and expenses

No Trustees received remuneration during the period nor were any expenses reimbursed to them.

12. Debtors

	2020	2019
	£	£
Trade debtors	22,664	14,500
Prepayments and accrued income	864	2,408
	--------	--------
	23,528	16,908
	--------	--------

13. Creditors: amounts falling due within one year

	2020	2019
	£	£
Accruals and deferred income	11,124	9,553
	--------	-------

14. Analysis of charitable funds

Unrestricted funds

	At 1 April 2019	Income	Expenditure	At 31 March 2020
	£	£	£	£
General funds	53,993	31,748	(23,803)	61,938
	--------	--------	--------	--------

	At 1 April 2018	Income	Expenditure	At 31 March 2019
	£	£	£	£
General funds	39,866	28,608	(14,481)	53,993
	--------	--------	--------	--------

Restricted funds

	At 1 April 2019	Income	Expenditure	At 31 March 2020
	£	£	£	£
Inverclyde Council - Grant reserve	(15,000)	99,750	(112,327)	(27,577)
Big Lottery Fund	13,686	28,842	(30,879)	11,649
Youth Development Project	19,889	–	(16,071)	3,818
National Lottery Heritage Fund	–	9,550	(470)	9,080
	--------	---------	---------	--------
	18,575	138,142	(159,747)	(3,030)
	--------	---------	---------	--------

	At 1 April 2018	Income	Expenditure	At 31 March 2019
	£	£	£	£
Inverclyde Council - Grant reserve	(3,909)	114,000	(125,091)	(15,000)
Big Lottery Fund	–	28,892	(15,206)	13,686
Youth Development Project	–	19,889	–	19,889
National Lottery Heritage Fund	–	–	–	–
	-------	---------	---------	--------
	(3,909)	162,781	(140,297)	18,575
	-------	---------	---------	--------

15. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2020
	£	£	£
Current assets	63,268	–	63,268
Creditors less than 1 year	–	(4,360)	(4,360)
	--------	-------	--------
Net assets	63,268	(4,360)	58,908
	--------	-------	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2019
	£	£	£
Current assets	53,993	18,575	72,568
Creditors less than 1 year	–	–	–
	--------	--------	--------
Net assets	53,993	18,575	72,568
	--------	--------	--------