Registered number 04138285 Danson Youth Trust Report and Accounts 31 March 2023 Mattison & Co Accountants 70 High Street Chislehurst Kent BR7 5AQ
DANSON YOUTH TRUST R&port and accounts Con8nts Page Contents Company Ir>formatlon Twste•8' Rèport StateTnent of Directors,rUsteeS, Responslbilities Independen Examiner's Report ststement of Financial Aetlvltles 10-13 B818n¢e Sheet 14 Notes to the Accounts 15-19 Detailed Statement of Financiol Activities 20-21 Appendice8 22-23
DANSON YOUTH TRUST Company Informatlon Dlre¢tor¥ Anne Andarson {Neo Harrow) Maria Guest-Naharnowicz Anrtè Rickson Rebocca Smith Matthew Phaure- resigned May 2022 Wendy Lawrenca Ac¢ountants Mattison & Co Accountants 70 High Street Chlslehurst Kent 8R7 5AQ 8ankers Lloyds Tse Bank PIC 130-132 Broadway Bexlayheath Kent DA8 7DP Register•d offi¢è Dansgn Youth Cgntre 8ramplon Road Bexleyheath Kent DA6 7DP Registered numb•r 04138285 Registsf•ii Charity numkjer 10865se
DANSON YOUTH TRUST The report of the Trustees for the year ended 31 March 2023 Introdu¢tlon The Trustees present their 8nnu81 report and accounts for the y8ar 8nd¢d 31 March 2023. The Board of Trustoes are satisfied wlth tho parforman¢a of the Charity duTing tha y80r and thé posltlon 8t 31 fvlarch 2023 and con8lder that the Charlty Is In a strong position to continue its activltles during the coming year. and Ihal the Charl8 assets are adequate to fulfil ils obligations. Name. Reglstored Offlcg and constltutlon of th• Charity The full narne of the Charity is Dan$gn Youth Trust. The1è981 rl$tratIOn details are:_ Dale of incorporation Company Règistration Number The Registered Offlce Is Charity R8gistr81ion Number The telephone number Is 10 January 2001 04138285 Bramplon Road. Bexleyheath, Kent DA7 4EZ 1086S56 020 8303 6052 Obj•ctlvos and Actlvltlgs of th? Charity A summary of thg pbJg¢tlves of tho Charlty a8 $et oirt In Its govomlng doGument Thè Tru$t's objects ar8 to help educata childron, youn9 people and familles. especlally bul not exclusively. through leisure lime activities and programrnes, so to develop their physlcal and emotional wellbeing and c8pabililies, self-confidence and individual r88ponslblllly that they grow to m8turlty as Indlvlduals 8nd member5 of Society. Danson Youth Trust has successfully endeavoured to maintain good rolationship8 wlth the local comrnunlty It setves and with other external agencies. Many of the activities and achlevements of Danson's ycung rnembers have been favour8bly rèport8d In many local publications including the local PT085. Public b8ngfÈt that l¥ provlded by th• charlty The Charity provide5 educational, recreational and support servlces to children and young people in thelocal area. The ¢h4rity al$0 prcvlde6 edu¢otion&l ond aupportive acrvicea to the parcnto of the ¢hildrgn yvung people. Danson Youth Trust provides an Invaluable servSce to the local communlty.
DANSON YOUTH TRUST The report of the Trustees for the year ended 31 March 2023 structure. Gov*rnane• and Management Nature of thè Gov•rnin9 Documont and Constitutlon of th• Charity
DANSON YOUTH TRUST The report of the Trustees for the year ended 31 March 2023 Share Capltal The company 1$ Ilmlted by guarantee and therefore ha$ no $har¢ capltal. The mgmb?r8 of the Board of Tru8tee8 of the Gharlty durlng the year ended 31 March 20Z3 wgre: Jean Robertson Anne Anderson, née Harrow Maria Guest-N8harnowlcz Anne Rickson Rebecca Smllh Matthew Phaure- Resigned May 2022 Wendy Lawren¢e 11 Is with much regret that we reptsrt the death of Jean Robertson on 10 November 2022. All the directors of the company are also Trustees of the ChaTSty, and their responslbilllle$ Includg all th• responsibilities of directors under the Companies Acts and of Trustees under the Charltiès Acts. The DirectOrsruSteeS are all member$ of the Charty The members of the Board of TrLtstees of the Charity at the date the report and 8¢eounts ware gpprovèd were: Aftno Anderson, née Harrow Maria Guest-Naharnowicx Anne Rickson Rebecca Smith Wendy Lawrencè Ind#pendent Examlner Sandra Hipwell FMAAT Mattison & Co Accountant5 70 Hlgh Street Chislehurst BR7 SAQ
DANSON YOUTH TRUST The report of the Trustees for tho year ended 31 March 2023 Statement ef Directors. and Trustees, Responsibllltles The Charlty's Trustoes are respon$ibl8 for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charilios Act 2011 and the Charlties {Accounls and Reports) Regul8tlons 2008. Notwithstanding the explicit requirement in the extant statutory regulallons, the Charities (Accounts and Reports) Regulations 2008, to prepare the financi81 statements In accordance with the SORP 2005. in view of the f8Ct that Ihe SORP 2005 has been withdrawn, the Truslees detefmined lo interpret this responsibility as requlring them to follow current best practice and prepa the account$ in ac¢ofdarice with the FRS 102 SORP Istatement of Recommended Pra¢tl¢8 for Accounting and Reportlng by Charities) 2015 la$ amènded by thg Bulletln issued il) February 2016). In particular, the Companie$ Act 2006 and Charity law rgquire the Board of Trusteos to prepare financial statements for each finandal yeaf which glves a true and fair view of the stste of affairs of the Charity as at the end of the financial year 8nd of the surplus or defi¢it of the Charity. In preparing those financial statements the Board is requlre to'.- to prep8re the account$ In a¢¢ordan¢e with United Kingdom Generally Accepted Account£ng Pradlce (United Kingdom Accounllng Standards and applicable lawl., seleci 3Ultable #ccouniing policies and apply them consistently.. make judgements and estimate$ that are reasonable and prudent., prepare the financial statements on the going concern basis unless St is in8ppropriale to presumo
DANSON YOUTH TRUST Independent Examiner's Report to the Trustees of the Charlty Report of the Independent Examiner to the Trustse¥ on th• accounts of the Charfty for tho year ended 31 March 2023 I report on the financlal slatem8nls of the Chartty on pages 8 to 21 for the year ended 31 March 2023 which have been prepared %n accordance with the Charitles Act 2011 (the Act) and with the Flnancial ReportSng St8ndard 102, leffect5ve l January 2016) as rnodifled by FRS 102 SORP (Stalemenl of Recommended Practice for Accounting and Reporting by Charities) 2015 las amende(J in Ihe Bulletin Issued in February 2016) published by the Charity Comrnission in England and Wales ICCEW), eff8clive January 2015. (The SORPI. under the hlstorfcal cost convention and the accountlng pollcles set out on page 15. Re¥pective respenglbilities of Trustees and Examiner As Ilescrfbed on page 4. the Charlty's Trustees. who are al¥0 the dlTeetors ot the comparry for the purpo$9 of eompany law, ai# responsible for the preparation of the financial $tatem#nts. The TTUStees are satisfied that the audit requirement¥ of So¢tion 144(11 of the Act do not apply and that the 8ccounls do not requife an audit in accordance with Part 16 of the Companles Act 2006 and that no member or members have requested an audlt pursuant to section 476 of the Companies Act 2006. and that there 18 no requirement in the goveTning docurnent or constitution of thè Charlty for the conducting of ¥n ou<lit. As a consequence, the Trustees have elected that the financial statements be subject to independent ex&mination. Having $8llsfied myself Ihgt th• Charity 1$ not subject to audit under company law, or otherwise. and 1$ eligiblè for independent examination, it is my responsibility to- examine thè Becounts under section 145 of the Act,. to follow the procedur88 lald down in the Genor81 Dir•cllons 9lven by the Charity Comml$sion under section 145{5)Ib) of the Act., and to state whether particular mallers have GLTrme lo my attention. b) Ba$ls of oplnlon and $copg of work undèrtaken I conducl¢d my examination in accordance with the General Dlr9Ctions given by the ChaTity Cornmissloners for England and Wales setting out the duties of an Independent exsminèr Issued by the Charity Commissioners und¢r 8?ction 145{5llb) of the Act In relation lo the condu¢tlng of an IndependeT71 examlnatlon. refefred to abovg. An independent examination includes a revlew of Ihe a¢counllng records kept by the Charity and of the accounting 8y81ems employed by the Charlty and a comparlson of the flnanci81 $latement5 present with tho¥? records. 11 also in¢lLrdes conslderation of any unusu81 Items or dis¢l¢$urè$ In the financial statements. and seeking explanations frorn you as Trustees concerning such matters. The purpose of the oxamlnatlon Is to establish as far as possible that thgro have been no breaches of the Charitie3 legi¥l8tlDn and that the financial statements comply with the SORP, on a 1g$t basis. of evidence rèlevant to the amounts and di8¢108ur96 In the flnanclal st£tement5. The procedures und¢nalc?n not provide all the evldenoe that would be requiwd in an •udit, and irrformatio supplied by the Trustees in the ¢OLtrsè of the examlnalion is not Sublted to audlt ts8ts or enquires, and consequently I do not express an audit opinion on thè view given by the financial statement, and in particular. l express no oplnlon as to whether the fSn8nci81 statements glve a true and falr vlew of the affairs Lif the Charity and My report is limlted to the matter8 8et out in the Statement below. I planned and performed my examination so as to satlsfy mysalf that Ihe ob5ectivtr of the Independent examinallon is achigved and before finalising the report, l obtalned written assurances from the Tnjstees of all material matter8.
Ind•pendent Examinor'5 StatemenL report and oplnion Subjgct to th¢ Ilmitallons upon Ihe scope of my work as detalled above, in connection wlth my ex8minatlon, I ¢an Confirm that the accounts of thls charitsble company are not required to be audited undor Part 16 of the Comp¥nie8 Act 2008.. the 9ro85 income of the Charity In the year ended 31 March 2023 appear$ lo exceed the sum Specified in se¢tion 145141 of Ihe Act, namely £250.000 and that l am qualified to act as independent examiner in 8ccord8nce with that 3èCtlon by vlrtue of my being a qualified member of Association of Accounting Technicians IAATI: thls is ¥ report in respect of an 8xaminatlon cariied out under section 145 of the Act and in accordance with any directions given by the Commission under subseGtion 14515llb) of that section which may be appli¢abl8; and that. no matter ha$ Come to my attentlon In connection wlth my exBmination whlch givas me reasonable cause to belleve that In any material respe¢l the requlrements have not been met.. to keep aGcounling records in a¢¢ordan¢a with SactSon 386 of the Companies Act 2006 and Section 130 of the Charltiea Act 2011.. to prepare financi81 statements whlch accord with the ac¢ounling rgeords and comply with the accountlng requlrements of section 396 of the Companlas Act 2006 and Thé Charit1$$ Act 2011 ¥nd.' have been prepar¢d In accordan¢è with the requir&ments of Section 396 01 the Companles Act 2006 and with the methods and principles $ét out in the FRS 102 Statement of Recommended Practice- Accounllng and Reporting by Charities (effective January 20181 Or to whlch. in my opinlon atlentlon should be drawn in my report in ordor to enablè a proper understandlng of the accounts lo be reachèd.. The Examln&rs relevant profgssional qualification or body is.. Asso¢iation of Accounting Technicians {AATI Sandra Hipwell FMAAT Mattison & Co Accounlanls 70 Hlgh Slrtret Chislehursl Kent BR7 5Aa Tha date upon whieh my opinSon 1$ èxpress Is 05110123
DANSON YOUTH TRUST ststement of Financial Activitios For the year ended 31 March 2023 unStride(l Funds 2023 Restricted Funds Totsl Funds Previous year Total fvnds 2023 2022 Incoming resourcès Incomln9 restsurces from generated fvnd$ Voluntary income AdviJes for generallng fvnd8 Investrnent income 20.118 20.118 318.356 9S 22,660 94,790 335,645 21 318,356 Rental ineome less expenses COVID grants 22,660 20,818 15.727 Total Incoming resources 341.111 20,118 361.229 467,001 Costs of charitsblo acbvitlos Governance costs 404,164 1,80Q 20.118 424.282 1,800 404,318 1,800 Total rt8ource8 expended 405,964 20.118 426.082 408.118 Net incoming resources before tr8n8fer8 befvTren funds Gross transfers beh¥eend funds Net Incomlng r•soubUS befor• {64,6531 104,8531 80,883 othèr rèeoynr*ed gain¥ and los$e¥ 164,8531 164.8531 60,883 Other recognlsed galns and lth N9t movernènt in funds Reconciliation of funds Total fttnd brought forward 164.8531 164,853) 60.883 7.177,195 1.177.19 1,11e.312 Tt)tsl funds carried forward 1.112,342 1.111342 1.177.196 The ned movement in furxl8 referred lo above is tho n?t in¢oming r¢8oLrrcos as d6fined In tho SORP and 15 recondled to the total funds as shown In the Balance Sheet on page 14 a¥ required by the SORP. is assumed that the re8tri¢t¢d fiJnd$ ¢&ed durlng the year are spend through the activftes and that no balance Is carrted forward. All adivlU8s d¢rived frorn eontinuing opèrations. The notes on pages 15- 19 form an integral part ofthe8e accounts. io
DANSON YOUTH TRUST Statement of Flnancial Activities For the year onded 31 March 2023 Income and Expandilure AcnI as rgquired by the Companles Acts 2023 Turnor 338.474 430.439 Direct costs of tumover (424.2821 (404,322) Gross sulUS I (dèficit) 185.808) 26.117 Gov¢man¢e eA)sts {1,8001 (1.8001 Operating 8urplu$ l {defi¢ltl 187.6081 24.317 Int8roSt recdvable 95 21 Rental incom 22.660 20,818 Covid grants 15,727 Surp1 on ordlnary 8¢tl¥itt•s b•for• tax 164.8531 60.883 Tax on profrt Rètsln•d surplus for financial year 164,8531 60.883 The notes on pages 15 to 19 form an intre1 part o1tho8• aooounta li
DANSON YOUTH TRUST ststement of Flnanclal Actlvltles Statement of Total Recognised Galns and Lossas For the year ended 31 March 2023 2023 Ex¢e$s of Expenditure over income before realisation of assets (64,8531 80,883 Profft per Profil and Loss account 164.853) 60,883 Net movement In funds beforn taxAVon {8485$1 60,883 Movements In revenue and eApital fundB Forthe year ended 31 March 2023 Unrestricted fijnds Restricted Funds 2023 R8nUe acrJJrnulated funds Total Flrnds Last year Total Fund8 2023 20 02 umulated funds broughl forward Recognlsed galns and losse$ before iran8fer8 988,154 988,154 927.271 164.853) (64.853) 60,883 Clo$ing rpvenue accumulated funds 923,301 923.301 988,154 I fund8 2023 De8lgnaied revenue funds At 1 April At 31 March 189,041 189.041 189,041 989,041 The purposas for which the dpsiynated fvnd8 have been established are de8uibed in the note¥ to the aizounts. Th• not8s on pgges 15 10 19 fom an Intergral part of these accounts. 12
DANSON YOUTH TRUST ststement of FlnanGial Activities For the year ended 31 March 2P23 Unrestricted funds Restricted Funds Summary of funds Designated lunds Total Funds Last year Total Funds 2023 20 23 2023 2022 Rovenug accumulated fund8 923,301 923,301 988,154 Revenue designated fvnd5 189.041 189,041 189,041 189.041 U23,301 1,112,342 1,177.195 • The ststsm8nt of chamges in resources'.8pplièd for fixed assels for Chaiity use18 shown in th¢ notes to the account$. The notes on pagas 15 to 19 fomi an Intergral part of these acocunts. 13
DANSON YOUTH TRUST
Company numbw 04138285
Balance sheet
as at 31 March 2023
2023
2022
Fix•d wets
Tangible assets"
493,522
493,522
Current assets
Cash a5 bank and in hand
693,932
693,932
728.979
728,979
Cr•ditOfS: om
DANSON YOUTH TRUST Noto5 to the AcGounts for th• year anded 31 March 2023 Accounting pollci•s Basis of pr8paralion of the aceoupts The accounts have been prepared on the accrual basis, under the hlstorical cost Convenllon. and in accordance with the Finonaal Reporting Standard 102 leffethve 1 January 20161 and'FRS 102 SORP ISt8lement of Recommended Practice for Accounting and Reporting by.Ch8rities) 2015 {¥s amènded by the Bulletin i$sued in February 20161 published by the Ch8rity Commission in Eng18nd"& Wales ICCEW). effective Janu8ry 2016, (The SORPI, and in aceordane* vAth all applSGable18w in the Charitys jurisdiction of registration. except that the Charity has Prepared the financial statements in accordance Mlh the FRS 102 SORP Istslemenl of Recomrnended Practice for Accounting and Reporting by Charities) 2015 las amendèd by the Bulletli) issued in February 20161 in praference to the previous SORP, the SORP 2005, which has béén withdrawn, nrthStandIng the fact that the extant stalulory regulations, the Charth"es (Accounts and Reports) Regulallons 2008 refer explsGiUy to the SORP 2005. Thls has been don¢ to accgrd with current best practice. Accounting ¢onvention The finencial statemants Ofa wepared ort o going concem basls, undar the hSstorical cost convention, as modifièd by the revaluatton of freehold l#nd and building$ and Ixed a8$8t investments. Incomlng Rosourw Incomlng resourcE$ are ac£ounled for on a recelvable bosis deferred as desoribed bdow whgTe approprtate. Where incomo is reeefved In the.year but has be¢n desgnaled for future uso Il will be carried forward and accounted for a$ Incomo in the following year. Except as descrH)ed underthe'Deferred Income. accounting policy, 1 grants. induding grants for the purcha$$ of fixed assets. are CognIsed In full In the Statement of Financial A¢tlvltie¥ in the y¢ar in thich they ?T¢ receivablo. Investmont Income R8nlo1 income is Induded In the Income and expgndlturo account nel of collection charges on a fecelvable bosis. Bank interest received Is induded on an a¢lual raceipls, t)asis. Detsrred In¢omo In 8ccordanGe vllh the SORP, grants received in xdvancg and speci1Sed by the donor as relafjng to Speclfic accounting periods or altematlvelywhith areisubjeet to conditlons which are stlll to b8 met, and whlch are outside the control of the ¢hMfity orwM•r• It l& uncfrrtaln whether the c¢ndltionB can orwill bo Mèt, ar• d¥fèrr•d on ¥euual'8 basis to the period lo whld) they re18te. Such defgrral8 are shown In the notes to thg acLCtunts and the sums Involved are shown as cradltors in the attnts. Re¢o9nitlon of118bllltle¥ Liablllties are re¢ognlsed on the accrual's basis In acLorilance wlth normal accounting principles. mo(lified where necessary In a¢cordan¢e wth the guidance given in th8 SORP. 15
DANSON YOUTH TRUST Notes to the Accounts for the year ended 31 March 2023 Resources Expended Expendtture is recognised on 8n 3¢crual basis as s liabilty 15 incurred. Expenditure Indudes any VAT whlch 18 not recoverable, and Is reported as part of the expenditure to ¥A)i¢h il relate$. G¢v¢mance Costs Governance costs In¢ludg Iho$o incurred in the govemance ofthe ChaFIty and lis assets and are prlmarily associatsd vhth constiltrtional and statutory requirements. AIIoGatlon of costs vAthin types of resources exp•nd•d The mèthod3 and prinryples for the allocation and apportionment of all costs between the different activty fgtegories of r8sourcss sèt out abpve arg.. Unrea118ed and realised galns Realised gains and losses are Inclu<Jed In the 8rxounl$ on the dale al whKh a contrathal obllgallon 1$ entergd Into. Unrealised gains and losses are computed by reference to the market value of the Investments * the balance sheet dale. ts)mpared to the brought br%¥ard sE or valuation, and galns and losses ari$lng on similar &*egories of investments are netted off. Taxatlon A$ a r8gi6tèrèd Charity. th• eompafty ex8mpt from Incom8 and Corpora0 tax to the extent Ih4t tts in¢ome and galn$ are applicab]e to charftable purposes onfy. Valuo Added Tax is not recov•r8bla by the Gompany, and Is therefore included in the rèl•vant eosts in thg Stotsment of Fin8ncig1 Actlvities. Flnancè and 0ratifi9 leasès Rentals payable in respect of operatlng lease8 where subslanti8lly all the benefrts and risks of 08h1p rsmain with thè lessor are charged to the Statement of Financial Activtties as incurred. Funds structure policy The Char4ty malntalns a general unrestrfcted fttn¢J which rgpre$gnts fvnd$ whlGh are expendablo at the rfiscretlon of the Tru$l¢o$ in furtherancg of the objects of the Charlty. Such funds may be held in orderto finance both worklng rApltal 8nd capital investment. Thèrg rs no form81 policy of Ironsfer bgtsvgen funds or on the allocaUon of funds to de819natsd fvnd¥. other than that e8crfbed above. Any other proposed transfer b&thn funds would bè eonsidèrèd on thè parUcul8r dreumstances. Recognltion of pen81t ¢08ts and ponsion •$s¥ts and liabilitie Full time employ&e5 of the Charity are errtttled lo join the Local Goveinment P$n$ion Sehame and T8achers' Pension Schèmè which are funded by contributions from the employees and the Charity. 16
DANSON YOUTH TRUST Notss to the Accounts for the year ended 31 March 2023 Wlndlng up or dlssolutlon of the ChArfty If upon winding up or dissolution of the Chartty there remain any assets. after the satisfadon of all d$bts and liobilities. tha assets rewesented by the accumuL8ted lund shall be transferred to some other charltable body or bodies having $imilar object$ to the Charfty. Surplus for the financial yoar 2023 2022 This is stat8d after ¢rediting'. R8v8nu8 Tumover from ordinary,adivilies 338,474 430,439 ¥nd after thargin9". Ittspendent Examinerf$ Fees 1.8 Funds belonolng to thg Charity have not been used for thg purchase of insurance to protect the Charty from loss arising from the negle¢t or defaults ol its,Tfu¥ttts. employees or agents. or to ind8mnify 11$ Trustees, èmploye88 or agentB. agdrtst the consequenc$ of any n¢glect or default on their part. Detailed an•lysis of certain traiisacttons required by the 2005 revl$lon to th• Statem•nt of Rocommend¢d Prnctlce for Accounting and Roporting Issued by the Charity Commi8¥Soners for England & Wales leffective Aprti 2005 and rovls•d May 20081 Various Items of support Costs and charitable expenditiJr¢ which are fequired by t SORP to be d¢sclos8d in the nolo$ io the oGcount8 are èet out in tr¢,'Oetdll¢il Schedule tv th• $tatem•iit of Fin•ndal Adivhle6 and itB &ppendic•s on pages 21 to 23, whlth should be read t99elher wlh these rkotes. Inv•8trn•nl Incamo 20 2022 Bank deposit Interest r8¢eive<l 21 Rgsldondal Propèrtl•s Follng tho purcha$e of iwg resiaenual POnIeS In the Bexi8yheath •r¢a In lh¢ 2018 QGGQLtnt?, thtso hvdve. intsnded. produc8d a regular rental income. Thes8 properties are shown In th8 balance sh*et al purchase price which18 also considered to ba slmiiar to the current market value. It is antICip8t that aver time these propertles will increase in valu• and a reVaILtIOn polScy of 5 years will be adopted {in the 2023 accounts). Rental in¢4Jme during the year Agents ¢ommi8slons and chargès rentsl income 2e,300 {3,6401 22,880 25,800 (4,982) 20.818 17
DANSON YOUTH TRUST Notes to the Accounts for the year ended 31 March 2023 Oefenpd InGoming Resour¢•s and ReSer- Restrtrted Funds As in the pr9vious year Ihero are no defored itsms to report. Trustses, remunerntion Nellhor the Trusle8s nor any persons c>)nneGted with them have recoived any remuneratlon, elther in the current year, or the prior year. A1lwnalNè, no Trusteès or persons connected them. other than those shown atove. received any rernuneration. r¢dltors: amourrts falllng duè wlthln one year Trade txedilors & AgJugd expgn$gs 2022 45.3[ 45.3[ 75,112 75.112 Analysls ofthe Net Movement In Funds Net movement in funds from Stslwftent ol Flnandal Activs11ès 2023 64,948 80.883 10 Particulars of Indlvldual Funds and analysls of assets and Ilabllltles representlng fund$ Unrostrict Deslgnated Rè¥trlct fund8 fund• funds Totsl fund$ At 1 Aprll 2022 Fixed Assets 493,522 539,938 (45,3061 493,522 728,979 145,3081 CurrentAssets 189.041 Current Llabllthe$ 988,154 189.041 1,177,195 Unre?trlct8d funds D•signated fund$ Re$trlcted funds Total funds At 31 March 2023 Flxad Assets 493,522 504.891 175.112) 493,522 693,932 (75,112) Current Assets Current Llabllltle$ 189,041 923,301 189.041 1.112.342 Funds at 2022 Movement In fund8 Transfers beten Fund$ at 2023 The indivldual funds induded above are.. All ¥th•r piteh fttnd Members, prolect fund Minibus renewal fvnd Buildlng extenslon fund Computer devdopment Sundry. Induthng redundanGy118blllty 80,000 8.765 20,000 40,276 20.000 1.(MJ8.154 80,000 8.765 20,000 40,276 20,000 943,301 164.8S31 1,177.195 {64,853} 1.112,342 18
DANSON YOUTH TRUST Notss to th• A¢¢ounts for the year arid 31 March 2023 Analys1$ of movemonts in funds a8 shown In thg table above 5ncomln9 Resourc•s Outgolng Resourc•s Gains & Los¥e¥ Movomgnt in funds Sundry 361,229 426,082 184.853) All w¢ather pitch fund - Afund designated forthe refuTbi8hment of th9 Irusvs existing all wèolher pileh. Member8. project fund - A fund doslgned for monies ralsed by members inctudlng th8 boxlng fLJnd. Minibus fund - A fvnd set up by Ihg Tnjstegs for the eventual replscement of tha cenlre'5 minibus. Building fund - A fund dèsigned In respect of the 2 storey extensSon at th• rear of the ttre. Comput8r devdopm8nl - A fund set up lo assist with the upgrade and replacement. 11 Endowment Funds The Charty had no endowment funds in the year ended 2023 or in the year ended 2022. 12 Share Capital The Charty 18 Incorporated under the Companies Acts and Is IEmiled by guarantee each member having undertaken to contrlbute suth amounts noi excoedlng one Poun a¥ may be Tequlr¢d in th8 ev•nt ofthts cornparty bolng wound up whibt he OT ¥he 16 Still a member.or withln one year thereafter. There are 6 mernbors of the ¢orripany12022- 6 mambersl 19
DANSON YOUTH TRUST Schedule to the Statement of Flnancial Activitios for the year endad 31 March 2023 Status of thls schedul• to thg stateMt of Finan¢lal Activities This schedule is an intrinsic part of the accounts required to comply whh the 2008 Revision of the Statement of Retr)mmended Practlce for Aethuntlng and Reportlng i¥sued by the Charity Commissioners for England & Wales. revised June 2008. Howevor it is not part of Ihè statutory accounts required undÉr fhe provisions of the Companies Ad 2006 in re18tion to incorpwaled charities. Unrestrlcted Funds 2023 Rgstricted Funds 20 Total Funds Prior Perlod Total Fund$ 2022 2023 Incoming Resources Incomlng Resources for gan•rate<l funds. Incomlng resources of a revenue nature- grBnts. donationB and leg8ds$. Grants and DOnaon$ J P Foundation IT Prcile¢t London Borough of Bexhley Government Business Gtont Covid Grants 59,000 4,250 4,500 15,618 15.818 90,540 15,727 Total Voluntary Incorn8 20,118 20.118 169,517 ACtItIeS for gènèrating fund$ Youth activite$ Communty Other 113,119 180,325 24,912 113.119 180,325 24.912 112,347 152,767 11,532 Total of acV5eS for generating funds 318.356 318.356 276.646 Investsment Incom• R*ntsl inwme Bank deposlt Interest recelved Tgtal Investment Income 22,880 95 20.818 21 22,755 22,755 20,839 Total Inoomlng Re$our¢e• 361,229 467,002 Charltabte Expendltur• Support costs of charitable adivltes. Management and admini8lration co8ts in 8UPPQrt of charftable ath'wtes. Other support costs .Charitable actitiwte8 Bulldlng ¢ost5 Genèral 5UPPOrts eosts Office cost 298,730 89.015 1.495 14,925 20,118 318,848 89.015 1,495 14,925 321.SS3 63.357 19.874 Totsl support cots 404,164 20,118 424,282 4C6,118 Support eosts for grants p81d. Costs reallocAted from Charfty support cost8 Total Ex on Charltablè Actlvltes 404,164 20.118 424.282 4Cfj.118 20
DANSON YOUTH TRUST Schedule to the Statement of Financial Activites for the year ended 31 March 2023 8tstu• of thls Khodule to the Statement ot Fln•nclal A¢tlvStl•s This schedule i¥ an inlrin8iG part of thtr accounts required to comply with tho 2008 Revision of the Statement of Recommendèd Practlce for Accounting and Reporting issued by the Charity Commi55ioner8 for England & Wales, revised Jun8 2008. Howevor il is not part of th¢ statutory accounts required under the provisions of the Companies Act 2D06 in relation to incorporatsd charflies Unrestslcted Funds 202 Restrictsd Funds 2023 Total Funds Prior Perlod Total Fund$ 202 2023 Govemace costs that are not dlrèctlon management funds Inherent In generallon ftEnd, $eNce delivery and programme or project work. Speclfl¢ geManCe Indèpendent exarninels fees T4)tal govomance ¢osts 1,80Q 1,800 1,800 1,800 1,800 1,800 The basi$ forthe allocation of COBts a8 shovm above 13 explained in the accounting polic48s and the notes lo the a¢nt. 21
DANSON YOUTH TRUST Appendix I Analy$18 of total Incoming and outyoing rQur& by activity for thè year ended 31 M8rd12023 20 2022 Tol81 Total Incomlng reSoUe$ from ggnerated funds Voluntary incom Actwities for generaliry funds Inv8slmgnt tncorne 20.118 318.356 169,517 276,646 21 Rental income 22,860 20,818 Other Incomlng re$ources- COVID grants Total Incomlng resources 361.229 467,002 Cts of charitable activlties Govemancè cost$ 1424,2821 11,800} 1404,3191 (1,8001 Total rnsour¢•s expended 1428,0821 140e.1191 Net incoming resources by activity 164,8531 60.883 22
DANSON YOUTH TRUST Appendix 2 Analysis oftotal support ¢))sts by activlty for the year end8d 31 March 2023 20 Total Totsl Nature of support costs Youth actrt•S 318.848 89,015 321,553 63.357 Bulldlng costs Gen8r81 support costs Office costs 1.405 14,925 1.534 19.674 Tatal Support ¢08ts anatysed by aotlvlty 424.282 408,118 Th• abo amounts aro shown in the accounts as Support costs for ch?rit8ble activites 424,282 4C6,118 The basis of allocatlon of costs and the mothods used ara described In note 110 the accounts. 23