RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07539861 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal activities of the company

The company's principal activity during the year continued to be the investment in young people and the community.



Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

Jason Steele
Elaine Bowes
Michael Abram


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 April 2024

And signed on behalf of the board by:
Name: Michael Abram
Status: Director

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 2,390,202 1,949,456
Cost of sales: ( 360,604 ) ( 136,763 )
Gross profit(or loss): 2,029,598 1,812,693
Administrative expenses: ( 1,975,696 ) ( 1,865,151 )
Other operating income: 63,247 60,246
Operating profit(or loss): 117,149 7,788
Profit(or loss) before tax: 117,149 7,788
Tax: ( 17,568 ) ( 6,473 )
Profit(or loss) for the financial year: 99,581 1,315

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 74,561 45,479
Total fixed assets: 74,561 45,479
Current assets
Debtors: 4 225,672 457,023
Cash at bank and in hand: 370,553 172,215
Total current assets: 596,225 629,238
Creditors: amounts falling due within one year: 5 ( 303,502 ) ( 407,014 )
Net current assets (liabilities): 292,723 222,224
Total assets less current liabilities: 367,284 267,703
Total net assets (liabilities): 367,284 267,703
Members' funds
Profit and loss account: 367,284 267,703
Total members' funds: 367,284 267,703

The notes form part of these financial statements

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 April 2024
and signed on behalf of the board by:

Name: Michael Abram
Status: Director

The notes form part of these financial statements

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Plant and machinery 25% per annumMotor vehicles 25% per annum

    Valuation information and policy

    DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

    Other accounting policies

    Other operating incomeOther operating income during the year includes insurance receipts of £35,606 (2022: nil).TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 39 38

    In addition to the employees, the company hired 6 subcontractors (2022: 2), and 3 outsourced staff (2022: 3)

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 309,683 81,970 391,653
Additions 69,184 69,184
Disposals ( 65,859 ) ( 11,930 ) ( 77,789 )
Revaluations
Transfers
At 31 August 2023 313,008 70,040 383,048
Depreciation
At 1 September 2022 264,204 81,970 346,174
Charge for year 40,102 40,102
On disposals ( 65,859 ) ( 11,930 ) ( 77,789 )
Other adjustments
At 31 August 2023 238,447 70,040 308,487
Net book value
At 31 August 2023 74,561 0 74,561
At 31 August 2022 45,479 0 45,479

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Trade debtors 180,652 415,646
Other debtors 45,020 41,377
Total 225,672 457,023

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 122,334 35,798
Taxation and social security 51,331 47,091
Accruals and deferred income 129,837 324,125
Total 303,502 407,014

COMMUNITY INTEREST ANNUAL REPORT

RAISE THE YOUTH FOUNDATION COMMUNITY INTEREST COMPANY

Company Number: 07539861 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

Raise the Youth Foundation Community Interest Company is steadfast in its commitment to invest, develop, and deliver comprehensive services for the betterment of children and young people (CYP), as well as their families and communities. By fostering collaboration among individuals, partnerships, neighbourhoods, and industries, we strive to uplift the youth and significantly contribute to shaping their futures.Central to our mission is the provision of specialist education and wellbeing services tailored for children residing in the northwest of England. Our initiatives focus on:- Independent specialised SEMH education and wellbeing services - Targeted community work for children and families requiring our specialtyWe have been dedicated to maintaining and expanding our core services in these areas.Educational Outreach and InclusionOur efforts in delivering day 6 services for children excluded from mainstream schools in Bolton with often unmet mental health problems, disabilities and learning difficulties underscore our commitment to inclusion and reintegration. These services cover a broad spectrum, including:- Identification- Assessment- Intervention- Education- Care- Integration- Safeguarding and promotion of wellbeing Our holistic approach ensures that children with SEND receive accurate diagnoses and are placed within appropriate provisions, alongside the right level of support from qualified personnel.Workforce Expansion and Local InvestmentIn response to the growing need for specialised education within the northwest of England and beyond, we have scaled up our operations:- Increasing the number of children, we support- Expanding our workforce- Onboarding local professionals for our leadership and management team- Hiring locals from Greater Manchester as children intervention support workers, practitioners, tutors, and trainee teachersAs a proud employer, we always try to be as competitive in our salaries for our workforce and in particular ensure we not only standby the living wage but often surpass it, ensuring that our investment in local talent fosters a robust community-focused workforce and at the same time ensures our stakeholders get the very best we can provide to enable the best possible outcomes.Partnerships and CollaborationsOur flourishing partnerships are testament to our drive to reach and support a greater number of CYP:- Continue to work with Social Housing charity Bolton at Home to provide Raise with local community buildings to enable us to offer our community education and wellbeing services for children and young people and families across Bolton and Beyond.- Regional collaborations within the Northwest framework for SEND.- Dynamic purchasing system for SEND and inclusion in Bolton with a significant need and demand to tackle considerable local problems in this area of community need.- Service level agreements with national charity Onside, leveraging resources from local super infinity centre/youth zones.- Supporting and investing in local small to medium business by being an agreed local customer of their services and products.- Working on local authority strategy meetings for children in need and risk of exploitation.- Being an active member of Bolton Together to ensure we can deliver value for money local community services and gain and deliver grant funded projects and services. Wellbeing and Psychological Services DevelopmentWe have and continue to develop much needed wellbeing and psychological services in collaboration with:- NHS therapeutic services- Bolton LA education psychology services- Horizon Psychology- Ladywood educational outreach specialist assessment and support services- Eqwise and Foxfield’s therapeutic horse ridingThese partnerships enable us to bridge gaps in service accessibility and reduce wait times for crucial support.Professional Training and Workforce DevelopmentOur investment in the continued development of our workforce includes:- Professional training in specialised education and SEND- Thrive – trauma-informed education initiatives - Specialised training for career development- Collaboration with leading educational institutions for best practice sharingWe offer opportunities such as placements, professional support, and CPD to prepare young graduates and professionals for impactful careers.Supporting Mental Health and Family WellbeingOur role in the Bolton Together local partnerships is crucial in providing mental health support:- Mindfulness based programmes for parents and carers- Development of support groups, coffee mornings, mindfulness walks- Drop-in sessions and assistance in navigating local support systemsCommunity Cohesion and Safety SupportWe ensure community and neighbourhood safety through:- Provision and development of safe spaces- Direct services promoting cohesion, inclusion, and positive outcomes- Investment in local children, families, and partnership initiativesEnhancing Facilities and Professional Experience OpportunitiesOur work extends to supporting local businesses and contractors, reinforcing our position as a significant community stakeholder.We remain committed to enhancing facilities suitable for CYP needs and supporting professional workforce development through:- Developing spaces for support - Developing spaces for education and skills - Offering higher education student work placements- Collaborating with local colleges and universities to provide real-world experience in our specialised sectorAt Raise the Youth Foundation, every step we take is a stride toward creating a brighter future for our children and young people, their families, and the broader community.

Consultation with stakeholders

Stakeholder Engagement StrategyOur organisation recognises the critical importance of engaging with our diverse group of stakeholders, which includes children, young people, families, local partnerships, neighbourhoods, commissioners, and our staff teams. We are committed to maintaining an open dialogue and actively involving stakeholders in shaping our services. Our approach encompasses a range of consultative methods, as outlined below:- Pupil and Student Voice: We hold half-termly voice meetings with children and young people (CYP), supplemented by school and college-based letter boxes. These allow CYP to share their thoughts, feelings, ideas, or feedback directly with us.- Education and Care Reviews: Pupils and students are also consulted through Looked After Children (LAC) Personal Education Meetings (PEPs), LAC care placement meetings, and reviews for those with Education, Health, and Care Plans (EHCPs).- One-on-One Engagements: All CYP and their families are given opportunities for one-to-one interactions with key workers and form teachers to express their wishes, feelings, feedback, and service design suggestions.- Staff Collaboration: Our employee forums, staff team meetings, and professional supervision sessions promote collaborative work environments and co-design opportunities for curriculums, services, and programmes.- Local Council Partnerships: By working closely with Bolton Council and other neighbouring councils, we strengthen our community ties and strategic alignment.- Community Involvement: Regular engagement with local councillors, community and faith groups, and local services is facilitated through various meetings, forums, and committees.- Co-designed Community Projects: Stakeholders play a significant role in our community-based planning meetings, ensuring that our community projects truly reflect local needs and priorities.- Impact Assessments: We employ questionnaires and self-reports for children and parents to gauge the impact of our work and encourage feedback on enhancing our services and meeting the needs of local people.At the leadership level, our Directors meticulously analyse all gathered information, data, and feedback alongside other company leaders and managers. This continuous process of reflection and assessment empowers us to make informed changes, developments, or enhancements to our offerings, teams, or facilities. We are adamant about adapting our strategies to meet emerging demands and achieving the most beneficial outcomes for our stakeholders.

Directors' remuneration

The directors received reumeration of £350,785 (2023: £317,217) during the year. This includes gross pay of £271,426 (2022: £270,687) and employers pension contributions of £79,348 (2022: £46,530).

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 April 2024

And signed on behalf of the board by:
Name: Jason Steele
Status: Director