REGISTERED COMPANY NUMBER: 04308289 (England and Wales) REGISTERED CHARITY NUMBER: 1090549
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for THE CAXTON YOUTH ORGANISATION
Hill Wooldridge & Co. Chartered Accountants 107 Hindes Road Harrow Middlesex HAT TRU
| THECAXTON YOUTH ORGANISATION
|
Contents of the Financial Statements for the Year Ended 31 March 2021
.
Page Reference and Administrative Details 1 Report of the Trustees 2 to 3 Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes to the Financial Statements 7 to 13
| | |
THE CAXTON YOUTH ORGANISATION
Reference and Administrative Details for the Year Ended 31 March 2021
| | |
TRUSTEES MrMrsP AC MPeakman Caro (Honorary(Honorary Secretary)Treasurer - resigned 3.6.20) Ms L Farthing Ms N Carlile Mr T C Chatwin (Co-Chair) Mr M F Myers Mrs D Shannon Mrs L J Rowley (Honorary Treasurer) Mr P W Lewis Ms H Rahman (appointed 13.10.20) Ms D D R Johnson (appointed 13.10.20) Ms B Kinsella (Co-Chair - appointed 19.6.20)
COMPANY SECRETARY Mrs A M Caro REGISTERED OFFICE Basement Clubrooms Tintern House, Abbots Manor Estate Alderney Street London SW1¥V 4JF REGISTERED COMPANY NUMBER 04308289 (England and Waies) REGISTERED CHARITY NUMBER 1090549 INDEPENDENT EXAMINER Hill Wooldridge & Co. Chartered Accountants 107 Hindes Road Harrow Middlesex HA1 1RU
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THE CAXTON YOUTH ORGANISATION
Report of the Trustees
for the Year Ended 31 March 2021
| StatementsThe trusteesof who the are alsocharity for directorsthe yearof ended the charity31 March for the2021. purposesThe trustees of the Companieshave adopted Act 2006,the provisionspresent theirof Accounting report withand theReporting financial | 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 4 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Objects of the charity are to promote the mental, physical and spiritual well being of young people, especially those with physical, and/or learning disabilities resident in Westminster by providing facilities for their education and recreation. Policy The Board of Trustees aim to achieve the Charity's objects through the provision of recreation and learning facilities at the two sites maintained by the Charity: the youth centre at Tintern House, the outdoor base at Ripley and the narrow-boat moored at Ripley.
The Board of Trustees operate the Charity directly from the funding received, aiming to utilise the income as soon as possible for the furtherance of the Charity's objectives. In addition to the funds designated for future activities, the management committee attempt to maintain a reserve for emergency purposes.
FINANCIAL REVIEW This is the sixteenth year of the Charity's operation as a charitable company and the Board of Trustees are satisfied with the year's results.
Our staff team is led by Rachel Akehurst, CEO, who has been working at Caxton Youth Organisation for over a decade. She is supported in this role by Rosemary Swainston, Head of Development, and Jessie Frost, Administrator. Senior Youth Worker Floyd Hall works alongside Eliane Edmond, who was previously a Student Youth Worker with the charity, and Daniela Brioschi, Transitions Youth Worker (left August 2020). Part-time Youth Worker Alex Griffitts, another previous Caxton Student Youth Worker, joined the team as a paid employee this year, as did Alexandra Hiscock, who was previously a Caxton member. Jill Bryson continues to deliver the charity's Art and Music Projects both in-person and online. Fundraiser Claire Alderton left Caxton at the start of the financial year. In January 2021, part-time Youth Support Worker, Neil Jelley sadly passed away. He was a previous Caxton member who had been a colleague for over 30 years.
Total income increased by 42% from £197,481 to £280,406. Within this total, unrestricted donations and legacies increased by 480% from £14,032 to £81,459. The charity had anticipated a rise in income this year, having launched its pilot Afterschool Club in January 2020, but then suspended it in response to the Coronavirus Pandemic. This enabled the charity to focus its fundraising efforts on increasing unrestricted funding and reserves, to provide security in these uncertain times.
Expenditure dropped from £218,600 to £208,066 (4.8% decrease). Expenditure was lower than expected, due to the Coronavirus pandemic. The charity hadn't been able to deliver a number of planned services face-to-face, which meant it was able to reduce the number of delivery staffing by furloughing some of them. The charity was also unable to offer residential provision, or deliver a Minibus transport service.
Total net movement in funds (both restricted and unrestricted) for the year is £72,340 net income (2020: £21,119 net expenditure). This is made up of net expenditure on the restricted funds of £16,019 and net income on the unrestricted fund of £88,359.
RESERVES POLICY
in the Trustees' view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. The reserves have been built up over the last five years as the charity transitions to a new funding model less reliant on local government grants. Furthermore, In light of the impact of the Coronavirus pandemic on the charity's income streams, the charity is mindful of the need to maintain youth work delivery for its already vulnerable service users. During the year, the Trustees considered that a sufficient level of reserves for the Charity would be between three and six months of forward-looking unrestricted expenditure. The free reserves requirement is monitored on a monthly basis and formally reported to the Board of Trustees on a quarterly basis. Free reserves are currently at 7 months, which is slightly higher than the policy in fight of the impact of the pandemic.
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THE CAXTON YOUTH ORGANISATION
Report of the Trustees for the Year Ended 31 March 2021
| ACHIEVEMENTS AND PERFORMANCE | During 2020/21, the charity saw a 300% increase in the demand for its services. By moving its services online, Caxton Youth Organisation was able to meet the needs of new and existing members. As lockdown measures lightened, Caxton was able to offer outdoor sessions, and then pop-up ones inside. The charity continues to offer a ‘hybrid’ service of online and face-to-face youth work.
PUBLIC BENEFIT OUTCOMES RELATED TO THE CHARITY'S AIMS
The Charity's Trustees have complied with their duty in Section 4 of the Charities Act 2011 to have due regard to Public Benefit guidance issued by the Charity Commission. All Trustees give their time voluntarily and do not receive any private benefit from the Charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is controlled by its governing document, a deed of trust document dated 22nd October 2001, and constitutes a charitable company, limited by guarantee, as defined by the Companies Act 2006.
Organisation
The Charity shall be governed by the Board of Trustees consisting of three honorary officers, namely the Chairperson, Secretary and Treasurer, Chief Executive Officer and elected members, being not less than four and not more than twelve members elected by the members at the Annual General Meeting.
The Board of Trustees shall, subject to any direction given by the Council, be responsible for the general management of the charity and shail provide for the administration and contro! of the property of the charity.
: Risk management : The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Coronavirus pandemic
in response to the pandemic, we quickly moved our services online to protect our stakeholders. We will continue to offer a digital service until such time as the Government advises that face-to-face youth work can safely commence.
Despite the implications of Covid-19, Caxton Youth Organisation remains financially resilient. We have considered the cashflow projections for the period to 31 December 2022, as well as our reserves and we are satisfied that we can continue to operate as a going concern for the next 12 months. While the pandemic impacted on service delivery, the charity's staff team was proactive in establishing online alternatives, and we were therefore able to deliver all funded sessions, albeit virtually. We were unable to offer residentials or transport to and from sessions for young people though, as this would have been unsafe. Throughout the pandemic and beyond, safeguarding our service users, staff members members and volunteers, remains our first priority.
| and beyond, safeguarding our service users, staff members members and volunteers, remains our first priority. | This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 3 November 2021 and signed on its behalf by:
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MICAM Calo Thstag ee
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independent Examiner's Report to the Trustees of The Caxton Youth Organisation
independent examiner's report to the trustees of The Caxton Youth Organisation (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a registered member of ICAEW which is one of the listed bodies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me
cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| have no concerns and 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.
1B Park FCA Hill Wooldridge & Co. Chartered Accountants 107 Hindes Road Harrow Middiesex HA1 1RU
Date: 3 November 2021
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THE CAXTON YOUTH ORGANISATION
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Totai | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2 | 81,459 | 186,668 | 268,127 | 132,446 |
| Charitable activities | |||||
| Grants | 2 | 10,528 | 1,751 | 12,279 | 45,192 |
| Investment income | - | - | - | 10 | |
| Other income | - | - | - | 19,833 | |
| Total | 91,987 | 188,419 | 280,406 | 197,481 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Wages and salaries Rent and rates insurance Repairs and renewals |
5 | 2,160 - 165 - |
147,713 8,454 5,266 3,323 |
149,873 8,454 5,431 3,323 |
157,740 10,314 4,797 897 |
| Light and Heat Sundries Club activities and projects Stafftraining Depreciation |
- - - - 379 |
1,453 527 9,698 1,795 - |
1,453 527 9,698 1,795 379 |
1,424 1,052 14,787 1,219 899 |
|
| Pension contributions Telephone, IT& Computer Printing, postage and stationery |
5 | - - - |
3,946 1,598 498 |
3,946 1,598 498 |
4,279 3,202 562 |
| Motor expenses Bank charges |
- 220 |
1,582 - |
1,582 220 |
3,611 110 |
|
| Ripley costs Accountancy |
- 704 |
825 5,990 |
825 6,694 |
7,308 1,798 |
|
| Professional fees and consultancy Subscriptions |
- - |
2,364 1,258 |
2,364 4,258 |
4,604 - |
|
| Temporary/specialist staff | - | 8,148 | 8.148 | - | |
| Total | 3,628 | 204 438 | 208,066 | 218,600 | |
| NET INCOME/EXPENDITURE) | 88,359 | (16,019) | 72,340 | (21,119) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds broughtforward | 43,786 | 45 006 | 88,792 | 109,911 | |
| TOTALFUNDSCARRIEDFORWARD | 132,145 | 28,987 | 161,132 | 88,792 |
CONTINUING OPERATIONS
Note 6 to the financial statements discloses the split between restricted and unrestricted funds for the comparative period.
The notes form part of these financial statements
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THE CAXTON YOUTH ORGANISATION
Balance Sheet
31 March 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted fund |
Restricted funds |
Total funds |
Total funds |
||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 1,148 | - | 1,148 | 1,527 |
| CURRENT ASSETS | |||||
| Prepayments and accrued income | 2,465 | 5,500 | 7,965 | 35,503 | |
| Cash at bank and in hand | 435,009 | 23,487 | 158,496 | 54,479 | |
| 137,474 | 28,987 | 166,461 | 89,982 | ||
| CREDITORS | |||||
| Amounts falting due within one year | 8 | (6,477) | - | (6,477) | (2,717) |
| NETCURRENTASSETS | 130,997 | 28,987 | 159,984 | 87,265 | |
| TOTALASSETS LESS CURRENT LIABILITIES | 132,145 | 28,987 | 161,132 | 88,792 | |
| NETASSETS | 132,145 | 28,987 | 161,132 | 88,792 | |
| FUNDS | 10 | ||||
| Unrestricted funds | 132,145 | 43,786 | |||
| Restricted funds | 28,987 | 45,006 | |||
| TOTALFUNDS | 161,132 | 88,792 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
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The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, So far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 3 November 2021 and were signed on its behalf by:
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Ms B KidSetta - Trustee
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MrsAM Caro- Trustee
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The notes form part of these financial statements
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THE CAXTON YOUTH ORGANISATION
Notes to the Financial Statements
for the Year Ended 31 March 2021
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
- , the requirements of Section 7 Statement of Cash Flows; + the requirement of paragraph 3.17(d); * the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(aXiv), 11.48(b) and 11.48(c); . the requirement of paragraph 33.7.
Going concern
The financial statements have been prepared on the going concern basis. The Trustees have assessed the charity's ability to continue operating for the next 12 months and we are satisfied that based on the current level of reserves and the cashflow projections, that there are sufficient funds to meet our commitments as they fall due. We have considered the impact of the global pandemic on the charity, and although we expect this will impact income and expenditure, we not believe this will prevent us from continuing to operate in the next 12 months.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
-
For donation income, we consider this to be when cash has been received. Donations include Gift Aid based on amounts recoverable at the accounting date. No amounts are included in these financial statements for the services donated by volunteers.
-
Grant income is recognised when a formal offer of funding has been communicated in writing and the conditions for
-
the grant have been satisfied.
-
Other income relates to the saie of the narrowboat which was recognised at the point of sale.
Accrued income is provided for income that has been earned in the current financial year, but is yet to be invoiced.
Expenditure
Expenditure is recognised as scon as there is a legal or constructive obligation, it is probable that a transfer of economic benefits will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance
Taxation
As a registered charity the Caxton Youth Organisation is not liable to taxation on its investment income and gains, income and gains arising from trading in furtherance of its charitable objectives and charitable donations.
Fund accounting
The financial statements of a charity must differentiate between restricted and unrestricted funds. Restricted funds are funds subject to specific conditions, imposed by the donor or by the specific terms of the charity appeal. Unrestricted funds are all the other funds of the charity and include designated funds which consist of amounts allocated for specific purposes by the charity itself.
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THE CAXTON YOUTH ORGANISATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES - continued
Accounting estimates and judgments
:
in preparing the financial statements, the trustees are required to make estimates and judgements. The significant areas of judgement are considered to be the estimated useful lives of tangible fixed assets and allocation of costs to different categories of expenditure.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2.
INCOME
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|2021|Unrestricted|Restricted|2020|
|funds|funds|Total|funds|funds|funds|Total|funds|
|Donations|and|legacies|gE|£|£|£|£|gE|
|Donations|81,459|1,750|83,209|14,032|~|14,032|
|Grants|-|184,918|184,918|-|118,414|118,414|
|81,459|186,668|268,127|14,032|118,414|132,446|
|Income|from|Charitable|Activities|
|Grants|10,528|1,751|12,279|44,275|-|44,275|
|Programmes|-|-|-|917|-|O17|
|10,528|1,751|12,279|45,192|-|45,192|
|Other|Income|-|-|-|19,833|-|19,833|
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| Other income represents the gain on the disposal of tangible fixed assets, principal amongst which was the Club's | narrowboat.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
7 | |
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Depreciation|-|owned|assets|379|899|
|Other|operating|leases|8,454|10,314|
|Surplus|on|disposal|of|fixed|assets|-|(19,833)|
|Independent|examiner|fees|for|independent|examination|(exclusive|of VAT)|1,650|1,250|
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TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
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THE CAXTON YOUTH ORGANISATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
STAFF COSTS
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Wages|and|salaries|142,865|147,700|
|Social|security|costs|7,008|10,040|
|Other|pension|costs|3,946|4.279|
|153,819|162,019|
|The|average|monthly|number|of employees|during|the|year was|as|follows:|
|Employees|2021|2020|
||ff||7|
|No|employees|received|emoluments|in|excess|of £60,000.|
|6.|COMPARATIVES|FOR|THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|14,032|118,414|132,446|
|Charitable|activities|
|Grants|45,192|-|45,192|
|investment|income|10|-|10|
|Other|income|19,833|-|19,833|
|Total|79,067|118,414|197,481|
|EXPENDITURE|ON|
|Charitable|activities|
|Wages|and|salaries|63,663|94,077|157,740|
|Rent and|rates|314|410,000|10,314|
|Insurance|797|4,000|4,797|
|Repairs|and|renewals|897|-|897|
|Light and|Heat|4,421|-|1,421|
|Sundries|1,052|-|1,052|
|Club|activities|and|projects|3,849|10,938|14,787|
|Staff|training|1,219|-|1,219|
|Depreciation|346|§53|899|
|Pension|contributions|4,279|~|4,279|
|Telephone,|{T &|Computer|3,202|-|3,202|
|Printing,|postage|and|stationery|562|-|562|
|Motor expenses|441|3,500|3,611|
|Bank|charges|110|-|110|
|Ripley|costs|2,468|4,840|7,308|
|Accountancy|1,798|-|1,798|
|Professional|fees|and|consultancy|4,604|-|4,604|
|Total|90,692|127,908|218,600|
|NET|INCOME/(EXPENDITURE)|(11,625)|(9,494)|(21,119)|
|Transfers|between|funds|832|(832)|-|
|Net movement|in|funds|(10,793)|(10,326)|(24,119)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|54,578|55,333|109,911|
|TOTAL|FUNDS|CARRIED FORWARD|43,785|45,007|88,792|
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THE CAXTON YOUTH ORGANISATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Fixtures | |||||||
| Freehold | Plant | and | and | Motor | |||
| COST | property £ |
machinery £ |
fittings £ |
vehicles £ |
Totals £ |
||
| At 1 April 2020 and | |||||||
| 31 March 2021 | 1 | 1,774 | 9,990 | 39,781 | 51,546 | ||
| DEPRECIATION | |||||||
| At 1 April 2020 Charge for year |
- - |
1,027 187 |
9,606 97 |
39,386 95 |
50,019 379 |
||
| At 31 March 2021 | - | 1,214 | 9,703 | 39,481 | 50,398 | ||
| NET BOOK VALUE | |||||||
| At 31 March 2021 | 1 | 560 | 287 | 300 | 1,148 | ||
| At 31 March 2020 | 1 | 747 | 384 | 395 | 1,527 | ||
| 8. | CREDITORS: AMOUNTS FALLING | DUE WITHIN ONE YEAR | |||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Social security and othertaxes Other creditors (Charge Card) |
3,667 132 |
207 188 |
|||||
| Accrued expenses | 2,678 | 2,328 | |||||
| 6,477 | 2,717 |
- LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Within one year Between one and five years |
7,500 ~ |
10,000 7,500 |
| 7,500 | 17,500 |
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THE CAXTON YOUTH ORGANISATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|10.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.4.20|in|funds|31.3.21|
|Unrestricted|funds|£|£|£|
|General|fund|43,786|88,359|132,145|
|Restricted|funds|
|Land|Securities|Grant|Payment|1,996|(1,996)|-|
|The|Funding|Network|5,460|(5,460)|-|
|Pimlico|Millions|Grant|50|(50)|-|
|John|Lyons|Independence|Programme|32,500|(31,922)|578|
|Landon|Community|Foundation|-|U18|Employability|5,000|(5,000)|-|
|Jack|Petchy|Foundation|-|Achievement|Award|-|750|750|
|St Giles|&|St|George|-|Independence|Programme|-|1,348|1,348|
|Michael|Watson|-|Art|Project|-|314|314|
|St|Giles &|William|Shelton|-|LCRF|Grant|-|2,256|2,256|
|City|Bridge|Trust|-|7,214|7,214|
|Sir|Jules|Thorne|-|385|385|
|Young|Westminster|Foundation|-|Easter|Holiday|Activities|-|530|530|
|Westminster|Brighter|Futures|-|Employment|Support|-|10,000|10,000|
|Garfield Weston|-|Employment|Support|Programme|-|5,612|5,612|
|45,006|(16,019)|28,987|
|TOTAL FUNDS|88,792|72,340|161,132|
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saaceasmmmamammasumcascammaumsaassccaasucaasacsasmmsccccscsccaaa—————————————rr ca mmm cmc mms ——L———.—_ , LL
THE CAXTON YOUTH ORGANISATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
- MOVEMENT IN FUNDS- continued
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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|||Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|91,987|(3,628)|88,359|
|Restricted|funds|
|Coronavirus|Job|Retention|Scheme|1,751|(1,751)|-|
|Land|Securities|Grant|Payment|-|(1,996)|(4,996)|
|The|Funding|Network|-|(5,460)|(5,460)|
|Pimlico|Millions|Grant|-|(50)|(50)|
|John|Lyons|Independence|Programme|-|(31,922)|(31,922)|
|London|Community|Foundation|-|U18|Employability|-|(5,000)|(5,000)|
|Jack|Petchy|Foundation|-|Achievement|Award|750|-|750|
|Westminster|Foundation|- Wave|2|Grant|18,669|(18,669)|-|
|Jack|Petchy|Foundation|-|Leaders|Grant|750|(750)|-|
|St|Giles|&|St|George|-|Independence|Programme|8,087|(6,739)|1,348|
|CAF|-|Coronavirus|Emergency|Grant|7,500|(7,500)|-|
|The|Londen|Community|Foundation|-|Microsoft|Grant|14,000|(14,000)|-|
|The|National|Lottery|-|Coronavirus|Community|Fund|9,500|(9,500)|-|
|Michael|Watson|-|Art|Project|500|(186)|314|
|Sport|for|England|-|Community|Emergency|Fund|338|(338)|-|
|Mayor's|fund|for|London|-|Kitchen|Social|Summer|Project|4,000|(4,000)|-|
|Young|Westminster|Foundation|-|National|Lottery|Grant|8,700|(8,700)|-|
|:|City|of Westminster|Charitable|Trust|-|Covid19|Grant|15,000|(15,000)|-|
|St|Giles|&|William|Shelton|-|LCRF|Grant|10,343|(8,087)|2,256|
|Groundwork|-|Stronger|Communities|Grant|5,342|(5,342)|~|
|City|Bridge|Trust|412,500|(5,286)|7,214|
|Westminster|City|Council|-|Digital|Youth Work|Grant|5,860|(5,860)|-|
|Magic|Little|Grants|-|Dance|& MMA|500|(500)|-|
|Catalyst|-|Discovery|Grant|5,279|(5,279)|-|
|Ragdoll|Foundation|-|Art|Project|1,190|(1,190)|-|
|CAST|-|Definition|Grant|5,000|(5,000)|-|
|Jack|Petchy|Foundation|—|Cavid19|Recovery|Grant|4,987|(4,987)|-|
|St|Giles|&|St|George|-|LCRF Wave|3|Enable|Grant|10,343|(10,343)|-|
|||JohnMayor'sLyonfund Charityfor|London- LCRF- WaveChristmas 3 EnableCelebrations Grant|14,0025|0|(14,00(25|0)|-|
|:|Sir Jules|Thorne|1,250|(865)|385|
|||London|Youth|-|Getting|Active|1,500|(1,500)|-|
|||Young|Westminster|Foundation|-|Easter|Holiday|Activities|530|-|530|
|||Westminster|Brighter|Futures|-|Employment|Support|40,000|~|410,000|
|||Garfield|Weston|-|Employment|Support Programme|10,000|(4,388)|5,612|
|||188,419|(204,438)|(16,019)|
|||TOTAL FUNDS|280,406|(208,066)|72,340|
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continued...
THE CAXTON YOUTH ORGANISATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.19 | in funds | funds | 31.3.20 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 54,578 | (11,624) | 832 | 43,786 | ||
| Restricted funds | ||||||
| Capital Assets | 1,385 | (553) | (832) | ~ | ||
| Ripley residential break | 2,840 | (2,840) | - | - | ||
| Children in Need Health & Personal Care | ||||||
| Programme | 5,952 | (5,952) | - | - | ||
| Land Securities Grant Payment | - | 4,996 | - | 1,996 | ||
| Jack Petchey- Transition youth worker | 4,771 | (4,771) | - | - | ||
| StJames Place charitable foundation | 2,500 | (2,500) | - | - | ||
| The Funding Network | 5,689 | (229) | - | 5,460 | ||
| Pimlico Millions Grant | 50 | - | - | 50 | ||
| John Lyons Independence Programme | 32,146 | 354 | - | 32,500 | ||
| London Community Foundation - U18 | ||||||
| Employability | - | 5,000 | - | 5,000 | ||
| 55,333 | (9,495) | (832) | 45,006 | |||
| TOTAL FUNDS | 109,914 | (21,119) | - | 88,792 | ||
| Comparative net movement in funds, included in the above are | as follows: | |||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted funds | gE | £ | £ | |||
| General fund | 79,067 | (90,691) | (11,624) | |||
| Restricted funds | ||||||
| Capital Assets | - | (553) | (553) | |||
| Ripley residential break Children in Need Health & Personal Care Programme |
- 8,928 |
(2,840) (14,880) |
(2,840) (5,952) |
|||
| Land Securities Grant Payment Jack Petchey- Transition youth worker |
6,736 4,611 |
(4,740) (9,382) |
1,996 (4,771) |
|||
| StJames Place charitable foundation | - | (2,500) | (2,500) | |||
| The Funding Network | 6,093 | (6,322) | (229) | |||
| City ofWestminster | 36,000 | (36,000) | - | |||
| John Lyons Independence Programme | 32,500 | (32,146) | 354 | |||
| Westminster Foundation Christmas Party | 4,000 | (71,000) | - | |||
| London Community Foundation - U18 Employability | 5,000 | - | 5,000 | |||
| Young Westminster Foundation - Youth Worker Salary | 9,430 | (9,430) | - | |||
| Westminster Charitable Trust - Independence Programme | 8,116 | (8,116) | - | |||
| 118,414 | (127,909) | (9,495) | ||||
| TOTAL FUNDS | 197,481 | (218,600) | (21,119) | |||
| 11. | RELATEDPARTYDISCLOSURES |
During the year ended 31 March 2021 four Trustees donated £1,730 (2020: £4,155) of unrestricted funds to the Charity.
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