**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:
- 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;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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:
- examine the accounts under section 145 of the Charities Act,
- 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
- 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
- the accounts did not accord with the accounting records; or
- 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.