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REGISTERED COMPANY NUMBER: 07493381 (England and Wales)
REGISTERED CHARITY NUMBER: 1145639















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

YOUNG & INSPIRED

YOUNG & INSPIRED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

YOUNG & INSPIRED (REGISTERED NUMBER: 07493381)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objectives of the charity is that of:

1) the promotion and advancement of the education of young people

2) to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life

3) the promotion of any other exclusively charitable objects and purposes such as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.

Significant activities
The financial results of the Company's activities for the period ended 31 January 2024 are fully reflected in the attached financial statements together with the notes thereon.

The trustees are satisfied with the results and activities of the company for the period and do not anticipate any significant changes in the forthcoming year.

Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. The aims of the charity for the public benefit are detailed in the Objectives and Activities section of the report.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity received donations that amounted to £394,117 (2023: £608,842) and spent £538,342 (2023: £516,363) on charitable activities.

Restricted funds were spent on specific projects including Treehouse Teens, Flying Colours Arts Hub, SuperEats, Sunshine Breakfast Club and Water Warriors.

FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.

FUTURE PLANS
The charity plans to continue its activities subject to satisfactory incoming resources.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.


YOUNG & INSPIRED (REGISTERED NUMBER: 07493381)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07493381 (England and Wales)

Registered Charity number
1145639

Registered office
26 Clapton Common
London
E5 9BA

Trustees
Y Fischer Company Director
Mrs K C Klein Secretary
Mrs S Adler

Independent Examiner
Malcolm Venitt, A.C.A
Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

Approved by order of the board of trustees on 23 May 2024 and signed on its behalf by:





Mrs S Adler - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
YOUNG & INSPIRED

Independent examiner's report to the trustees of Young & Inspired ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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.








Malcolm Venitt, A.C.A
The Institute of Chartered Accountants in England and Wales

Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

23 May 2024

YOUNG & INSPIRED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024

31.1.24 31.1.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 161,283 232,834 394,117 608,842

Investment income 2 29 - 29 -
Total 161,312 232,834 394,146 608,842

EXPENDITURE ON
Charitable activities
Charitable activities 317,293 221,049 538,342 516,363

Other 900 - 900 -
Total 318,193 221,049 539,242 516,363

NET INCOME/(EXPENDITURE) (156,881 ) 11,785 (145,096 ) 92,479


RECONCILIATION OF FUNDS
Total funds brought forward 168,188 - 168,188 75,709

TOTAL FUNDS CARRIED FORWARD 11,307 11,785 23,092 168,188

YOUNG & INSPIRED (REGISTERED NUMBER: 07493381)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank 12,207 11,785 23,992 168,188

CREDITORS
Amounts falling due within one year 6 (900 ) - (900 ) -

NET CURRENT ASSETS 11,307 11,785 23,092 168,188

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,307

11,785

23,092

168,188

NET ASSETS 11,307 11,785 23,092 168,188
FUNDS 7
Unrestricted funds 11,307 168,188
Restricted funds 11,785 -
TOTAL FUNDS 23,092 168,188

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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


The financial statements were approved by the Board of Trustees and authorised for issue on 23 May 2024 and were signed on its behalf by:





S Adler - Trustee

YOUNG & INSPIRED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related 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.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
31.1.24 31.1.23
£    £   
Deposit account interest 29 -

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.



YOUNG & INSPIRED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.1.24 31.1.23
Admin 6 6

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 608,842 - 608,842

EXPENDITURE ON
Charitable activities
Charitable activities 516,363 - 516,363

NET INCOME 92,479 - 92,479


RECONCILIATION OF FUNDS
Total funds brought forward 75,709 - 75,709

TOTAL FUNDS CARRIED FORWARD 168,188 - 168,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Accrued expenses 900 -

7. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 168,188 (156,881 ) 11,307

Restricted funds
Restricted funds - 11,785 11,785

TOTAL FUNDS 168,188 (145,096 ) 23,092

YOUNG & INSPIRED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 161,312 (318,193 ) (156,881 )

Restricted funds
Restricted funds 232,834 (221,049 ) 11,785

TOTAL FUNDS 394,146 (539,242 ) (145,096 )


Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 75,709 92,479 168,188

TOTAL FUNDS 75,709 92,479 168,188

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 608,842 (516,363 ) 92,479

TOTAL FUNDS 608,842 (516,363 ) 92,479

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.22 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 75,709 (64,402 ) 11,307

Restricted funds
Restricted funds - 11,785 11,785

TOTAL FUNDS 75,709 (52,617 ) 23,092

YOUNG & INSPIRED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 770,154 (834,556 ) (64,402 )

Restricted funds
Restricted funds 232,834 (221,049 ) 11,785

TOTAL FUNDS 1,002,988 (1,055,605 ) (52,617 )

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024.