YOUTH UNLIMITED CIC

Company limited by guarantee

Company Registration Number:
08900714 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

YOUTH UNLIMITED CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

YOUTH UNLIMITED CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 6,265 21,091
Cash at bank and in hand: 93,925 103,360
Investments:   0 0
Total current assets: 100,190 124,451
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 22,069 ) ( 57,647 )
Net current assets (liabilities): 78,121 66,804
Total assets less current liabilities: 78,121 66,804
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 78,121 66,804
Members' funds
Profit and loss account: 78,121 66,804
Total members' funds: 78,121 66,804

The notes form part of these financial statements

YOUTH UNLIMITED CIC

Balance sheet statements

For the year ending 28 February 2024 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 November 2024
and signed on behalf of the board by:

Name: Craig Lloyd
Status: Director

The notes form part of these financial statements

YOUTH UNLIMITED CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 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

    2.2.Turnover Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services and grant income. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. Income is derived from Youth Club subscriptions, Student Support service, Local authority grants and consultancy income.

    Other accounting policies

    2.3.Taxation Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

YOUTH UNLIMITED CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

YOUTH UNLIMITED CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Debtors

2024 2023
£ £
Trade debtors 6,082 20,918
Prepayments and accrued income 183 173
Other debtors 0 0
Total 6,265 21,091
Debtors due after more than one year: 0 0

YOUTH UNLIMITED CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 4,127 4,092
Accruals and deferred income 10,263 47,201
Other creditors 7,679 6,354
Total 22,069 57,647

COMMUNITY INTEREST ANNUAL REPORT

YOUTH UNLIMITED CIC

Company Number: 08900714 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Youth Unlimited CIC have developed valued, universal, community Youth Work Projects in deprived communities of Taunton, Highbridge, Bridgwater and also in the rural communities of Stogursey, North Petherton and Woolavington. These rural communities have pockets of deprivation and lack of services and lack of access to opportunities and services for it’s younger population. Youth Unlimited CIC work with the members of their youth clubs offering positive social and educational experiences in a safe environment. They do this with the support and engagement of the community and other agencies. Youth Unlimited have supported other community groups / activities sharing staff, skills and resources to benefit others. Attended multi-agency and professional's meetings, advocating on behalf or the communities young people. Youth Unlimited CIC provide street based youth work (known as Detached Youth Work) in Taunton, Highbridge, Bridgwater and communities throughout Sedgemoor. They engage with young people in the parks, on the housing estates, shops and other places that young people choose to be. Engaging with young people who are often disengaged and at risk of social exclusion and exploitation. Youth Unlimited works with schools to support students who are at risk of exclusion. Offering informal education and support to students and their families. Identifying positive opportunities, providing direction, and developing social skills for building resilience. Youth Unlimited CIC have also delivered informal “Personal, Social, Health and Economic Education” to students providing important development opportunities for young people to explore issues that may affect them. Youth Unlimited provides one to one mentoring services for young people in the care of the local authority (Somerset and out of county placements). Providing support, informal and alternative education, social opportunities and activities. Addressing personal issues which may present barriers for development and inclusion for the young person. Youth Unlimited CIC aims to provide opportunities for young people to be positively instrumental, active and valued in their communities, addressing issues affecting them, raising aspirations and self-esteem. This contributes to the prevention or reduction of involvement by other professional services such as social care, welfare, health, education, police, youth offending teams etc. Youth Unlimited CIC coordinates the Young Carers In Schools Awards for Somerset. This enables schools to identify and support their young carers and receive accreditation and recognition.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors' remuneration for the year £39,600 (2023 £36,700). There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 November 2024

And signed on behalf of the board by:
Name: Craig Lloyd
Status: Director