Charity Registration No. 1054783
YOUNG ASIAN VOICES
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Charity Number 1054783
YOUNG ASIAN VOICES
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2022
The trustees are pleased to present their annual report together with financial statements of the charity for the year ending 31 March 2022. These financial statements comply with the Charities Act 2011, ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’.
Objectives and Activities
The object of the charity is to pursue any charitable object calculated to benefit the community, in particular the young Asian members.
Young Asian Voices works towards equality of opportunity and social justice for all people in the City of Sunderland irrespective of race, ethnicity, class gender, sexual orientation or cultural background.
The charity conducts operations with these principles in mind. It believes that positive and constructive relationships must be developed between all different communities in Sunderland. They seek co-operative and fraternal partnerships with individuals, organisations and community groups that hold similar values and principles.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake, in particular the Commission's guidance on public benefit.
Trainings, Qualifications and Workshops:
| Introduction to Youth Work | Committee Skills |
|---|---|
| Quality Assurance Training | Capacity Building training |
| Environmental training | Health & SafetyTraining |
| Disability Awareness | First Aid |
| NVQtraining/Apprenticeship | Food Hygiene Training |
| Volunteer’s training | Football & Cricket Coaching |
| Monitoring & Fundraising | Equality & Diversity Training |
| Duke of Edinburgh Awards | Training in Care |
| Street Games | Multi Sports Coaching |
| Research Media Skill training | Event Planningand Risk assessment training |
| Mental Health Awareness | IT Training |
| FundingInformation Workshops | ChallengingUnacceptable Behaviour |
| QualityAssurance | Scouts Induction Training |
| Peer Research | How to Branding and Messaging Guide |
| Campaign Messaging, Audience & Network Mapping |
Understanding Young People from Social Economic Groups Workshop |
| ECB Foundation 1 Coach | Employabilitysupport induction |
| Social Media Marketing | How to make a video Content |
| MECC Vaccine Conversations Training | Catterick Team Buildingand Strength Training |
| Strategic Planningand Leadership | Cricket Activators Training |
| ImplementingFamilyHubs | Change to Shine – Life skills refresher |
| MasteringDigital Communications | ManagingChallengingBehaviour |
| Social Media Marketing |
YOUNG ASIAN VOICES
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2022
Achievements and Performance
Volunteers Outstanding Contribution - Durham Cricket Board (ECB) Community Group Award - VCAS Open Arms Awards 2021 Health and Wellbeing Award - VCAS Open Arms Awards 2021 Community Places and Spaces Award - VCAS Open Arms Awards 2021 Influence and Collaboration Award - VCAS Open Arms Awards 2021 Sports Award - VCAS Open Arms Awards 2021 Trustee of the Year Award - VCAS Open Arms Awards 2021 Young Volunteer of the year Award - VCAS Open Arms Awards 2021 3rd Sector Award - ABConnexions YAV 1-2 Youth Crew – Multimedia Category - Show Racism the Red Card Tyne and Wear High Sheriff Awards
Staff and Volunteers continue to offer their services and help with project work. There is an increase in membership which has led to an increase in number of sessions offered.
Young people and staff have been involved in various training programmes throughout the year increasing their skills and knowledge and to help improve the quality of provision offered.
Group key session numbers achieved for the year ending March 2022 are:
Contact: 1348, Participants: 811, Recorded Outcome: 500, Accreditation: 215.
The Charity continues to further develop Youth committees, Youth Voice and a Volunteer Project.
In response to the continuing demand of the minority groups within the area, the charity has provided sport, centre based and out of centre sessions to various groups within the Sunderland.
There has been an increase in demand for junior membership, young volunteers, women and young girls group work throughout the year. The programmes offered have been to help develop their Employability and Social skills and continue with issue-based work and sports sessions such as fitness for adult women and men. This pattern of increase in demand continues as there are more people interested in joining YAV and accessing services.
YAV played an active role in city culture and diversity events throughout the year and has been seen as a leading organisation for delivering youth and community work within marginalised committees.
The charity continues to be supported strongly by Volunteers and Staff in carrying out its work and this has been highly appreciated by Staff, Management committee and everyone involved in the Charity.
YOUNG ASIAN VOICES
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2022
Reference and Administrative Details
| Trustees | P Andrew |
|---|---|
| T Hussain | |
| I Kay | |
| B Rahman | |
| L Abdullah | |
| P Brigham | |
| S Hussain | |
| M Begum (resigned 08/11/2021) | |
| S Miah (resigned 08/11/2021) | |
| R Begum (resigned 08/11/2021) | |
| Charity Number | 1054783 |
| Principal Address | Sans St Centre |
| Upper Sans Street | |
| Sunderland | |
| Tyne and Wear | |
| SR1 1HG | |
| Independent Examiner | Jim Dodds |
| 33 The Glebe | |
| NE61 6HW | |
| Bankers | Royal Bank of Scotland |
| Drummond House, 1 Red heughs Avenue, | |
| Edinburgh, | |
| EH12 9JN | |
| Advisors | PC V Holt |
| M Leadbeater | |
| C Kelvington |
Structure, Governance and Management
Governing Document
Young Asian Voices was set up as a charity on 24 April 1996, registration number 1054783 and operates under a Constitution adopted 18 February 1996.
The charity is governed by its Trustees who are also members of the organisation. Under the requirements of the Constitution the Executive Committee shall consist of not less than 5 members and no more than 15 members. The Executive Committee delegates day-to-day management of the organisation to the Executive Manager.
YOUNG ASIAN VOICES
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2022
Appointment of Trustees
All the members of the Executive Committee shall retire from office together at the end of the annual general meeting next after the date on which they came into office but they may be re-elected or reappointed. All Trustees give their time voluntarily and are not allowed to receive any material benefit from the charity. Trustees are however able to claim reasonable out of pocket expenses. The Trustees are responsible for selecting a Chairperson, Secretary and Treasurer.
Trustees’ Induction and Training
All trustees receive an induction into the values and services of Young Asian Voices, their duties, roles, responsibilities and liabilities as a trustee and key policies. A trustee role description is issued to all new trustees outlining the duties, roles, responsibilities and liabilities each trustee faces. Role descriptions are in place for the Chair, Treasurer and Company Secretary.
All trustees are required to undertake training on a range of issues such as on equality and diversity issues; child and adult safeguarding; roles and responsibilities of trustees.
Risk Management
The trustees recognise that they hold a responsibility to identify risks to the organisation; to ensure that controls exist to limit the possibility of risks occurring; to limit the impact of any risks on the viability or security of the organisation; to manage any risks that do occur; and to regularly review whether new risks have been introduced into the organisation.
The trustees have implemented a risk review system and have built a risk register. They have reviewed all organisational risks focusing on the risks with the highest risk score. The trustees have implemented a system to review the risk register on a regular basis or following a critical incident.
Financial Review
The management committee are fully involved in developing action plans and fundraising plans to focus on the future development of the Charity.
The Charity's core focus during the year continued to be the provision of youth sessions and activities. The total income for the year was £437k (2021: £229k) which represents an increase of 90%. As at 31 March 2022 the total funds were £183k (2021: £52k), with unrestricted funds being £101k (2021: £25k).
Reserves Policy
It is the policy of the Trustees that free reserves (unrestricted funds not invested in tangible fixed assets) should be maintained at a level equivalent to between three and six month’s expenditure. The level of free reserves is currently £95k (2021: £25k) and represents just under four month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust’s current activities while consideration is given to ways in which additional funds may be raised.
Going Concern Statement
The Trustees have reviewed and considered the financial information and forecasts and taken into account the current available financial resources. The Trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
YOUNG ASIAN VOICES
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2022
Trustees Responsibilities in Relation to the Financial Statement
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees report was approved by the Executive Committee and signed on their behalf by:
Dr Paul Andrew, Chair of the Executive Committee
……… …………………………………….
27[th] January 2023 Date: .............................................
YOUNG ASIAN VOICES
REPORT AND FINANCIAL STATEMENTS
For the year ended 31 March 2022
Charity Number 1054783
YOUNG ASIAN VOICES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the year ended 31 March 2022
I report on the financial statements of Young Asian Voices for the year ended 31 March 2022, which are set out on pages 7 to 16.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a Fellow of the Association of Charity Independent Examiners.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than if the requirements that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
I 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.
Jim Dodds FCIE 33 The Glebe NE61 6HW
Date: 27[th] January 2023
YOUNG ASIAN VOICES STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 March 2022
| Notes Income From: Donations and legacies 6 Other trading activities 7 7 Total income Expenditure on: Charitable activities Operation of the charity 8 Total expenditure Net income/(expenditure) and net movement of funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 2,200 171,685 173,885 97,326 97,326 76,559 24,510 101,069 |
Restricted Funds £ - 262,811 262,811 208,257 208,257 54,554 27,066 81,620 |
Total 2022 £ 2,200 434,496 436,696 305,583 305,583 131,113 51,576 182,689 |
Restated Total 2021 £ |
|---|---|---|---|---|
| 9,342 220,002 |
||||
| 229,344 | ||||
| 210,760 | ||||
| 210,760 | ||||
| 18,584 32,992 |
||||
| 51,576 |
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 16 form an integral part of these accounts.
Charity Number 1054783
As at 31 March 2022
YOUNG ASIAN VOICES BALANCE SHEET
| Notes Fixed Assets Tangible Assets 16 Total fixed assets Current Assets Debtors 17 Cash at bank and in hand 18 Creditors: amounts falling due within one year 19 Net current assets Total assets less current liabilities Total net assets or liabilities Funds for the charity Unrestricted income funds Restricted income funds |
£ 115,231 63,140 178,371 ( 1,824 ) |
Total 2022 £ 6142 6142 176,547 182,689 182,689 101,069 81,620 182,689 |
£ 9,900 43,001 52,901 ( 1,325 ) |
Restated Total 2021 £ |
|---|---|---|---|---|
| - | ||||
| - 51,576 |
||||
| 51,576 | ||||
| 51,576 | ||||
| 24,510 27,066 |
||||
| 51,576 |
The notes on pages 9 to 16 form an integral part of these accounts.
These financial statements were approved by the Board on: and are signed on its behalf by: DR Paul Andrew
27[th] January 2023
Chair
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022
1 Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
2 Basis of accounting
2.1 Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with 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) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Young Asian Voices meets the definition of a public benefit entity under FRS 102.
2.2 Preparation of the accounts on a going concern basis
The financial statements have been prepared on a going concern basis. In making their assessment the Trustees have reviewed and considered relevant information, including their annual budget and future cash flows. The Trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
3 Income
3.1 Recognition of income
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
3.2 Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
3.3 Grants and donations
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
3.4 Volunteer help
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022
3.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
3.6 Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
4 Expenditure and liabilities
4.1 Liability recognition
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
4.2 Charitable activities
Expenditure on charitable activities includes the costs of working with young Asian members and other activities undertaken to further the purposes of the charity and their associated support costs.
4.3 Governance and support costs
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
4.4 Irrecoverable VAT
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
4.5 Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
4.6 Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
5 Assets
5.1 Tangible fixed assets for use by the charity
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Fixtures fittings and equipment 25% reducing balance Motor vehicles 25% reducing balance
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022
Analysis of income
| 6 Donations and legacies Donations Pears Foundation 7 Charitable activities Awards For All Barro Cadbury Trust Cheshire Assura Community Fund DCMS Youth Covid Support Durham Cricket Ground Evan Cornish Foundation Fancy a day out Fore Raft Garfield Weston Greggs Trust HMRC Job Retention Scheme Lloyds Bank PLC Northumbria Police & Crime Commissioner Paul Hamlyn Foundation Peoples Health Trust Postcode Neighbourhood Trust Sir James Knott Trust Sunderland City Council Sunderland City Council CLLD Sunderland Black and Minority Ethnic Network Ltd Sports England Street Games The National Lottery Community Fund Thornhill Academy Together for Children UK Youth Other small grants £2,000 or less |
Unrestricted Funds £ 2,200 - 2,200 - - - 13,384 4,898 - - - 6,500 - 12,525 - 2,430 - - - 10,000 16,000 - 13,898 - 4,000 - 27,030 18,870 37,000 5,150 171,685 |
Restricted Funds £ - - - 9,180 3,569 4,800 - - 4,800 - - - - - - - 25,000 19,958 - - - 35,151 - 115,231 45,122 - - - - - 262,811 |
Total 2022 £ 2,200 - 2,200 9,180 3,569 4,800 13,384 4,898 4,800 - - 6,500 - 12,525 - 2,430 25,000 19,958 - 10,000 16,000 35,151 13,898 115,231 4,000 45,122 27,030 18,870 37,000 5,150 434,496 |
Restated Total 2021 £ |
|---|---|---|---|---|
| 4,532 5,000 |
||||
| 9,432 | ||||
| 9,390 2,646 - 23,284 14,000 - 1,000 5,000 - 15,000 2,684 8,870 4,800 - 11,975 13,139 - 47,755 30,595 - 9,440 - - - - 10,000 10,424 |
||||
| 220,002 |
Income was £436,696 (2021: £229,344) of which £173,885 was unrestricted or designated (2021: £67,521) and £262,811 was restricted (2021: £161,823)
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
Analysis of expenditure on charitable activities
| 8 | Operation of the charity Salary costs inc. pension and employers NI Insurance Bank charges Printing, postage and stationery Project work Staff development and travel Light and heat Telephone Building charges Depreciation charge Management support Equipment Governance costs Other governance costs Independent examiner's fees for reporting on the accounts |
Unrestricted Funds £ - 6,950 - 1,614 70,938 - 8,414 2,005 - 1,418 - - 5,137 850 97,326 |
Restricted Funds £ 145,540 - - 178 24,648 33,531 - - 398 - 1,125 2,837 - - 208,257 |
Total 2022 £ 145,540 6,950 - 1,792 95,586 33,531 8,414 2,005 398 1,418 1,125 2,837 5,137 850 305,583 |
Restated Total 2021 £ |
|---|---|---|---|---|---|
| 120,185 6,950 286 975 48,132 7,856 9,523 1,950 2,589 678 8,061 - 3,225 350 |
|||||
| 210,760 |
Expenditure on charitable activities was £305,583 (2021: £210,760) of which £97,326 was unrestricted or designated (2021: £61,000) and £208,257 was restricted (2021: £149,760)
9 Fees for examination of the accounts
| Independent examiner's fees for reporting on the accounts | 2022 £ 850 850 |
2021 £ |
|---|---|---|
| 350 | ||
| 350 |
There were no other fees paid to the examiner (2021: £nil)
10 Analysis of staff costs and the cost of key management personnel
| Gross wages, salaries and benefits in kind Employer's National Insurance costs Employer's pension costs |
2022 £ |
|---|---|
| 139,595 3,769 2,176 |
|
| 145,540 |
No employee received remuneration above £60,000 (2021: nil)
The key management personnel of the charity, comprise the Trustees and the Executive Manager. The total employee benefits of the key management personnel of the charity were £42,510.
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
11 Staff numbers
The average monthly head count was 10 staff (2021: 10 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
| The parts of the charity in which the employee's work: Charitable activities |
2022 Number 5.0 5.0 |
2021 Number |
|---|---|---|
| 5.0 | ||
| 5.0 |
12 Transactions with trustees
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
Trustees' expenses
No trustee expenses have been incurred in the year.
Transaction(s) with related parties
There have been no related party transactions in the reporting period.
13
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £2,176. There was £407 outstanding as at 31 March 2022.
14 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
15 Capital commitments
As at 31 March 2022, the charity had no capital commitments (2021 -£nil)
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022
| 16 Tangible fixed assets Cost Balance brought forward Additions Disposals Balance carried forward Depreciation Basis Rate Balance brought forward Depreciation charge for year Disposals Balance carried forward Net Book Value Brought forward Carried forward 17 Debtors and prepayments (receivable within 1 year) Trade debtors 18 Cash at bank and in hand Cash at bank and in hand 19 Creditors and accruals (payable within 1 year) Creditors Accruals Independent examination of accounts |
Motor Vehicles £ - 7,560 - 7,560 SL 25% - 1,418 - 1,418 - 6,142 2022 £ 115,231 115,231 2022 £ 63,140 63,140 2022 £ 974 850 1,824 |
Total £ |
|---|---|---|
| - 7,560 - |
||
| 7,560 | ||
| - 1,418 - |
||
| 1,418 | ||
| - | ||
| 6,142 | ||
| Restated 2021 £ |
||
| 9,900 | ||
| 9,900 | ||
| 2021 £ |
||
| 43,001 | ||
| 43,001 | ||
| Restated 2021 £ |
||
| 975 350 |
||
| 1,325 |
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022
20 Events after the end of the reporting period
No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
21 Analysis of charitable funds continued
Analysis of movements in unrestricted funds
| Unrestricted funds General unrestricted fund Totals |
Fund balances brought forward £ 24,510 24,510 |
Incoming resources £ 173,885 173,885 |
Resources expended £ ( 97,326 ) ( 97,326 ) |
Transfers £ - - |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 101,069 | |||||
| 101,069 |
Purpose of unrestricted funds General unrestricted fund The 'free reserves' of the charity
Analysis of movements in unrestricted funds
| Restricted funds Awards for All Barrow Cadbury Trust Cheshire Assura Community Fund DCMS Youth Covid Support Durham Community Foundation Evan Cornish Foundation Greggs Foundation Paul Hamlyn Foundation Peoples Health Trust Postcode Neighbourhood Trust Shears Foundation Sport England Sunderland City Council CLLD The National Lottery Community Fund Totals |
Fund balances brought forward £ - 1,354 - 22 16 - 7,670 - 1,981 8,698 75 - 7,250 - 27,066 |
Incoming resources £ 9,180 3,569 4,800 - - 4,800 - 25,000 19,958 - - 115,231 35,151 45,122 262,811 |
Resources expended £ - ( 4,923 ) ( 2,000 ) ( 22 ) ( 16 ) ( 1,600 ) ( 7,670 ) - ( 17,547 ) ( 8,698 ) ( 75 ) ( 115,231 ) ( 42,401 ) ( 8,074 ) ( 208,257 ) |
Transfers £ - - - - - - - - - - - - - - - |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 9,180 - 2,800 - - 3,200 - 25,000 4,392 - - - - 37,048 |
|||||
| 81,620 |
YOUNG ASIAN VOICES NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
21 Analysis of charitable funds continued
Purpose of major restricted funds
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Awards for All Young People’s Work Ready Training Project
Barrow Cadbury Trust To provide indoor and outdoor multi-sports sessions for men and women Cheshire Assura Community Fund Young People’s Work Ready Training Project- COVID 19
Young People’s Work Ready Training Project- COVID 19
Evan Cornish Foundation
Paul Hamlyn Foundation
Peoples Health Trust
Postcode Neighbourhood Trust
Young People’s Work Ready Training Project
To support ‘Change, Survive, Adapt and Grow’ and contribute to the Executive Manager salary.
Building Connections - to expand the services we offer from our new centre in Sunderland, a ‘Community Ambassador Hub’, to benefit people from the local community to empower them to achieve and inspire others to realise their potential.
Support staff to support BAME women/girls who are victims of domestic abuse/mode
YAV Sporting Academy –
Sport England
Pilot talent Pathway for Swimming, Badminton, Tennis, Table Tennis
Sunderland City Council CLLD Young People’s Work Ready Training Project
The National Lottery Community To support the minimum of 450 people per year in our community together with Fund 25 volunteers per year
22 Analysis of net assets between funds
| Analysis of net assets between funds | ||||
|---|---|---|---|---|
| Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) Reason for restatement Funds at 31 March 2021 as previously stated Prior year adjustment Funds at 31 March 2022 as restated |
Unrestricted Funds £ 6,142 96,751 (1,824) 101,069 Unrestricted Funds £ 55,423 (30,913) 24,510 |
Restricted Funds £ - ( 33,611 ) 115,231 81,620 Restricted Funds £ 54,974 (27,908) 27,066 |
Total 2022 £ 6,142 63,140 113,407 182,689 Restated Total 2021 £ 110,397 ( 58,821) 51,576 |
Total 2021 £ |
| - 43,001 8,575 |
||||
| 51,576 | ||||
23 Reason for restatement
A prior year adjustment has been made to the financial statements for the year ended 31 March 2021. The adjustment arises as income was overstated by £68,704 and expenditure was overstated by £9,883.