SHELFIELD YOUTH SUPPORT GROUP
Provide facilities to young people between 13-19 years within the Shelfield, High Heath area of Walsall, by reason of their youth or social circumstances, with the object of improving their conditions of life. Healthy lifestyles, social living and training, active citizenship.
Objects
THE PROVISION, IN THE INTERESTS OF SOCIAL WELFARE OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION FOR CHILDREN AND YOUNG PEOPLE WITHIN SHEFFIELD, HIGH HEATH AND SURROUNDING AREAS OF WALSALL WHO ARE BETWEEN 11-25 YEARS OF AGE AND IN NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, FINANCIAL OR SOCIAL CIRCUMSTANCES, WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE.
Financial health, per its FY2024 accounts
The accounts state that the charity generated an excess of receipts of £8,442 for the year, increasing its carried-forward funds to £32,017. The trustees maintain a reserves policy of £10,000, which is comfortably covered by the current balance. The independent examiner confirmed that no material matters were identified during the examination of the accounts.
What the accounts disclose
“The charity has not received any grants but has continued to operate the charity shop.” — page 2
“It is the trustees’ policy to retain reserves of £10,000, as a reserve to be able to continue in the event that it is unable to raise funds.” — page 3
“One trustee was reimbursed £77 (2023 - two trustees - £1,324) for costs paid by them on behalf of the charity” — page 5
Policies the charity declares
- Complaints policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
Trustees
- MR DAVID LYMNchair
- DENISE LYMN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £28k | £20k |
| 31/12/2023 | £25k | £27k |
| 31/12/2022 | £23k | £31k |
| 31/12/2021 | £12k | £13k |
| 31/12/2020 | £18k | £11k |
Common questions
Is SHELFIELD YOUTH SUPPORT GROUP financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated an excess of receipts of £8,442 for the year, increasing its carried-forward funds to £32,017. The trustees maintain a reserves policy of £10,000, which is comfortably covered by the current balance. The independent examiner confirmed that no material matters were identified during the examination of the accounts. Its FY2024 accounts were independently examined.