THE ACADEMY OF YOUTH LIMITED

Charity number: 1061308
Charity is insolvent

Charity overview

Activities - how the charity spends its money

Provide training and support to adults and organisations to enable them to provide high quality learning activities for young people that can take place outside and inside of the school day

Income and expenditure

Data for financial year ending 31 March 2020

Total income:
£3,046,665

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Donations and legacies £0
Charitable activities £3.04m
Other trading activities £0
Investments £0
Other £8.41k

Total expenditure:
£4,925,065

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Raising funds £0
Charitable activities £4.93m
Other £0

£0 investments gains (losses)

Total income includes £3,019,276 from 5 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £4.93m

People

84 Employee(s)

1 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£80k to £90k 1

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland

Governance

Registration history:
  • 15 March 1997: Standard registration
Organisation type:
Charitable company
Other names:
  • UNIVERSITY OF THE FIRST AGE (Working name)
Company number:
03319307 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

1 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Mark Simms Chair 31 August 2018
AMBER VALLEY ASSOCIATION FOR MENTAL HEALTH LTD
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2016 31/03/2017 31/03/2018 31/03/2019 31/03/2020
Total gross income £3.53m £3.27m £4.35m £5.13m £3.05m
Total expenditure £3.46m £3.24m £4.30m £5.09m £4.93m
Income from government contracts £3.27m £3.03m N/A £5.02m £3.02m
Income from government grants £0 £0 N/A N/A N/A
Income - Donations and legacies £0 £0 £28.22k £0 £0
Income - Other trading activities £137.47k £118.96k £95.79k £26.56k £0
Income - Charitable activities £3.39m £3.15m £4.22m £5.10m £3.04m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £6.05k £1.63k £0 £0 £0
Income - Other £0 £0 £0 £0 £8.41k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £3.46m £3.24m £4.03m £5.05m £4.93m
Expenditure - Raising funds £0 £0 £272.03k £32.59k £0
Expenditure - Governance £0 £0 £15.25k £0 £5.79k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2016 31/03/2017 31/03/2018 31/03/2019 31/03/2020
Own use assets £224.22k £180.44k £56.93k £29.27k £0
Long-term investments £0 £0 £0 £2 £0
Other assets £462.09k £764.14k £1.81m £1.78m £795.58k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £249.72k £477.78k £1.35m £1.25m £2.12m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024
Accounts and TAR 31 March 2024
Annual return 31 March 2023
Accounts and TAR 31 March 2023
Annual return 31 March 2022
Accounts and TAR 31 March 2022
Annual return 31 March 2021
Accounts and TAR 31 March 2021
Annual return 31 March 2020
Accounts and TAR 31 March 2020
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 17/02/1997 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 14/01/1999 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 10/12/2010 as amended on 03 Oct 2018 as amended on 03 Oct 2018

Charitable objects

To promote social inclusion for the benefit of the public by the provision of advice, education, employment and housing services for young people and those who are homeless; The advancement of health; and The relief and care of the poor including the homeless and socially excluded persons. For the purpose of this clause: “socially excluded” shall mean excluded from society or parts of society as a result of one or more of the following factors: unemployment, financial hardship, young or old age, ill health (physical or mental); substance abuse or dependency (including alcohol and drugs), discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, sexual orientation or gender reassignment, poor education or skills attainment, relationship and family breakdown, poor housing (that is housing that does not meet basic habitable standards) or crime (either as a victim of crime or as an offender rehabilitating into society); and “social inclusion” shall mean preventing or reversing social exclusion.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
P 3
Eagle House
Cotmanhay Road
ILKESTON
DE7 8HU
Phone:
01217668077
Email:
info@ufa.org.uk
Website:

ufa.org.uk