REGISTERED COMPANY NUMBER: 04229324 (England and Wales) REGISTERED CHARITY NUMBER: 1091001
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
COPENHAGEN YOUTH PROJECT
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
COPENHAGEN YOUTH PROJECT
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 14 |
| Detailed Statement of Financial Activities | 15 |
COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Aims & Objectives
Copenhagen Youth Project (CYP) is a unique youth project working in partnership with young people to create and sustain a positive youth culture that inspires children and young people to plan, initiate and lead their own projects. Through Sports, Arts, Mentoring and Culture CYP engage and progress children and young people providing education, training and support, helping to raise achievement and levels of aspiration.
We challenge and support young people of diverse backgrounds from the age of 7 through to 25, supporting their individual learning and personal development. All activities are carefully planned to ensure that they are not simply diversionary, but act as a vehicle for focused work providing progression and helping young people to develop skills, access learning and provide pathways to training and work opportunities.
The young people we work with, include those who are vulnerable, excluded or at risk of offending. 60% of the young people we work with are from BME backgrounds. CYP bring together different groups of young people, encouraging, and teaching them to work together and understand differences, raising both awareness and tolerance.
We aim to involve young people in the development of their local community. We are located in the North Kings Cross area of London. This is an area of both long-term high deprivation and affluence, with regeneration now at its core. We collaborate with commercial businesses and local organisations planning projects for young people strengthening our provision, community cohesion and the impact of regeneration on the wider community.
Public Benefit
The Trustees consider the Charity Commission guidance on public benefit and consider that the activities of the Charity meet its objectives and provide a benefit to the public.
ACHIEVEMENT AND PERFORMANCE Activities and Project Director's Report CYP Projects for 2020-21
| Total | Average | New | |||
|---|---|---|---|---|---|
| Number of | attendance | attendance per | members for | ||
| sessions | over period | session | this period | ||
| Overview for period | 385 | 2666 | 7 | 42 | |
| COVID-19 Outreach work | 123 | 506 | 4 | ||
| CYP Senior Football | 11 | 133 | 12 | ||
| Drop-ins | 38 | 168 | 4 | ||
| Girl's Football | 4 | 13 | 3 | ||
| Girl's Youth Club | 18 | 51 | 3 | ||
| Music Studio | 27 | 111 | 4 | ||
| Employability and enterprise | 18 | 20 | 1 | ||
| Shine Project | 3 | 28 | 9 | ||
| Trips and outings | 31 | 292 | 9 | ||
| Youth Club (Mon, Tue, Thur & Fri) | 112 | 1344 | 12 | ||
| Individual Young People | Ethnicity | Female | Male | ||
| White English/British/Iris/Other White | |||||
| background | 72 | ||||
| Mixed ethnicity | 23 | ||||
| Asian/ Asian British | 16 | ||||
| Black/African/Caribbean/Black British | 62 | ||||
| Other Ethnic Group | 12 | ||||
| Not provided/Prefer not to say | 4 | ||||
| Total young people for the year | 189 | 53 | 136 | ||
| Not | |||||
| Ages | 11 to 15 | 16 to 17 | 18 to 19 | 20+ | provided |
| Total young people for the year | 20 | 54 | 40 | 73 | 2 |
Note: attendence was significantly down on last year due to the pandemic
Page 1
COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
CYP's response to the pandemic and lockdown
This year Covid has taken its grip on the world, the country and communities. CYP have been beside this community throughout providing reassurance, support and guidance. In collaboration with young people CYP launched activities online, creating daily challenges linked to sport, cooking and the arts maintaining vital contact with children and young people. The outreach programme continued to be active offering children and young people support 2/3 evenings a week out in the community with a specific focus on the places, where the most vulnerable children and young people were meeting.
In June 2020 under the guidance of Public Health England and Islington Council CYP re-opened working one to one with children and young people recognised as vulnerable and in priority need of support. During this period and further to our observations and assessments of these children and young people the priority of CYP was to plan and initiate a summer programme of activities in line with government guidelines.
Summer Programme 2020
The summer programme kicked off with the continuation of the Youth Led Initiative Bingfield Park Peace Garden - this group of young people who had already designed and built the garden came together to complete a programme of maintenance and upkeep. The next phase is to create a bike sculpture as the centre piece, this work will take place in the coming months. The remainder of the summer programme included Youth Club, Weekly Bike Rides, Urban Treasure Hunt, Girls Football and Boot Camp fitness programme.
CYP Projects
Wellcome Collection - In July the Wellcome collection commissioned CYP to create an installation titled 'What does it mean to be human now?' This piece of work involved young people facilitating interviews, creating monologues, creating poetry, producing music and producing film. The project ran from August to November 2020 and is now exhibited in the Wellcome Collection Exhibition Space until 30 September 2021.
Wellcome Trust - 'Same Road, Different Road' was an installation created by CYP patron Penny Walcock in collaboration with young people from CYP. The installation exhibited at Oxford Art Modern at the beginning of 2020 culminated in September 2021 with research into trauma as a result of youth crime and violence. Academics from Oxford facilitated conversations with young people from CYP who had lived experiences of serious youth violence. The insight provided by the young people gave the academics a broader understanding of the journey and lack of support experienced by the victims of youth violence. This piece of innovative research is currently being developed into a presentation for professionals.
Consultation Activities
Bingfield Park, West Library, Jean Stokes Hall and Barnard Park are spaces in Cally which are an integral part of the Cally Improvement plan. The improvements to these spaces have required community consultation and CYP have been pro-active in enabling children and young people to engage in this process. Two young people took up work placements with the architects and have been directly involved in the design and the workshops, presenting the plans for this new Employability Space at West Library. Further workshops relating to Barnard Park and Bingfield Park have taken place at CYP engaging young people in the planning and moreover providing a platform for youth voices.
Who are we to work ?
Year 2 of the lottery funded project has seen the outreach part of the programme fully extended with additional funds to increase the service. Being out in the community and beside children and young people throughout this difficult period has provided CYP with an invaluable awareness and understanding of the needs and difficulties facing this community now and in the future. This period has also strengthened our relationships with the community as we have provided a visible, consistent and caring level of support.
The Employability & Enterprise programme initially reverted to an online service providing employment support whilst also promoting job vacancies and training. However, with the lack of job opportunities, entrepreneurism has provided some young people with another option as many look to develop their own initiatives. For the Employability and Enterprise programme this has resulted in the development of new partnerships to support creativity and entrepreneurism including FishTank, Ting and Gate One. Moving forward we are working to create co-working space for young people at CYP. This will be during the day when no other activities are taking place.
Mental Health & Wellbeing Programme
Over the past three years we have been working hard to establish a mental health and wellbeing programme to support children and young people who are struggling with their mental health and wellbeing and to improve their access to mental health and wellbeing support.
CYP recently secured funding to employ a Therapeutic Youth Worker who will lead on this programme
Page 2
COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
Trauma Informed Practice
As part of the foundation to delivering the mental health and wellbeing programme CYP have participated in a year long programme of trauma informed training. Four CYP Youth Workers have worked through a process of exploring the working environment, communication, accessibility, effectiveness, self-care and reflection along with other areas that can be impactful when working with children and young people. This trauma informed approach will now be an integral part of our service. Two of the trained Youth Workers are now Trauma Informed Champions with the role to ensure the practice is maintained. With this infrastructure the trauma informed practice will be embedded into the CYP culture, maintaining a coherent and consistent offer for children and young people.
FINANCIAL REVIEW
Financial position
The charity's funding comes from various funders and has increased its sources of funding over time, in line with our three-year fundraising strategy.
For the year ended 31 March 2021, CYP had a total income of £342,233 (2020 £335,577) and a total expenditure of £274,901 (2020 £240,664) resulting in a net surplus in funds for the year of £67,332 (2020: £94,913).
Reserves Policy
The Trustees have examined the Charity's requirements in the light of the main risks to the organisation. It has established a policy whereby unrestricted funds not committed or invested in tangible assets held by the charity should cover at least 3 months operating costs including staff salaries. The present level of reserves is adequate to cover anticipated costs for 5 months.
The level of unrestricted funds of £128,596 at 31 March 2021 are sufficient to comply with this policy.
The restricted funds at the end of the year stood at £122,346 (2020: £57,494), representing grants received in 2020/21 for specific charitable purposes but for which the related expenditure will be incurred in a later financial year.
TARGETS AND PLANS FOR 2021/22
There are several priorities as we look forward to the coming year which include:
-
To further develop services that can support young people through the pandemic.
-
To further develop our relationships with the businesses in the new Kings Cross Central for employment and training opportunities but also exploring how the businesses can support community programmes and the growth of children and young people.
-
To continue to work with the relative organisations in developing a constructive and coordinated response to youth crime and violence and develop a long-term strategy.
-
To further develop the outreach programme and provide more one to one support addressing well-being and mental health. 5. To achieve the Gold accreditation with London Youth.
-
Recruit and maintain board members of colour representative of the CYP team and the wider community.
-
Recruitment of a Lead Therapeutic Youth Worker.
-
Invest in our young leaders to ensure that our projects remain user-led and become more funding friendly.
-
Develop infrastructure to support social entrepreneurship.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Copenhagen Youth Project (CYP) is a charitable company limited by guarantee incorporated on 6 June 2001 and registered as a charity in March 2002. Its governing documents are the Memorandum and Articles of Association.
Recruitment and Appointment of the Trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles of Association, the trustees are known as members of the management committee. The trustees include a balance of people with professional skills who are all volunteers and are elected annually.
Organisational Structure
The Trustees meet quarterly, as CYP's management committee, with the responsibility for policy and overall management. The Project Director is responsible for day-to-day running of the project, managing the team of part-time staff, with support from the Company Secretary who is also the Finance and Admin Manager.
Page 3
COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Trustee Induction and Training
All trustees are familiar with the educational and preventative work of the charity. In addition, at committee meetings they are familiarised with the practical work of the charity with children and young people and the context within which it operates. They are provided with an induction pack which sets out
-
The obligations of management committee members
-
The CYP's main documents setting out the operational framework of the CYP and its Memorandum and Articles
-
Resources and current financial position as set out in the latest published accounts
-
Future plans and objectives
Statement of Compliance with The Charity Governance Code
The introduction of the Charity Governance Code in July 2017, replacing and building upon the Code of Good Governance, has meant that there are new requirements and standards for charities to aspire towards. Whilst these guidelines are not legal requirements, CYP recognises the importance of the application of the Code to its practises and duties. The charity continues to strive towards key principles such as organisational purpose, leadership, integrity and diversity through its governance and practices. CYP is compliant with the Code by following its guidelines for best practice, except in a few areas where it continues to strive towards compliance. This includes the hiring of more trustees with diverse skills and expertise in order to increase the board size within the recommended range of five to twelve members. CYP is also working towards compliance in terms of the new guideline of annual external evaluation in order to increase transparency.
Policies & Procedures
CYP abides by LBI and statutory policies on Health & Safety, Safeguarding/Child Protection, GDPR, E-Safety and Equal Opportunities, other policy documents include confidentiality, staff discipline, complaints, recruitment, volunteering and mentoring. Policies have recently been updated and are regularly reviewed.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04229324 (England and Wales)
Registered Charity number 1091001
Registered office
172 Copenhagen Street Islington London N1 0ST
Trustees
T R Vos N Chouksey Treasurer N Davies Chair L Bailey D Dupont J McDonagh D Sat (appointed 15.6.20) M Wray (appointed 22.6.20) (resigned 2.1.21)
Company Secretary
T Thomas
Independent Examiner
Maurice Brindley BSc FCA Institute of Chartered Accountants in England and Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
Page 4
COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Barclays Bank, Camden and Islington Business Team, 131 Finchley Rd, Swiss Cottage London NW3 6HY
Management Team Stephen Griffith Project Director Theo Thomas Finance and Administration Manager
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Copenhagen Youth Project for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Sep 7, 2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. T Thomas - Secretary
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COPENHAGEN YOUTH PROJECT
Independent examiner's report to the trustees of Copenhagen Youth Project ('the Company')
I 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, I 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 I 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. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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)).
I 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.
mwbrindley
mwbrindley (Sep 8, 2021 14:42 GMT+1)
Maurice Brindley BSc FCA Institute of Chartered Accountants in England and Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
Date: ............................................. Sep 8, 2021
Page 6
COPENHAGEN YOUTH PROJECT
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 129,915 Investment income 3 209 Other income 41,741 Total 171,865 EXPENDITURE ON Charitable activities Youth Activities 169,385 NET INCOME 2,480 RECONCILIATION OF FUNDS Total funds brought forward 126,116 TOTAL FUNDS CARRIED FORWARD 128,596 |
Restricted funds £ 170,368 - - 170,368 105,516 64,852 57,494 122,346 |
31.3.21 31.3.20 Total Total funds funds £ £ 300,283 335,030 209 547 41,741 - 342,233 335,577 274,901 240,664 67,332 94,913 183,610 88,697 250,942 183,610 |
|---|---|---|
The notes form part of these financial statements
Page 7
COPENHAGEN YOUTH PROJECT (REGISTERED NUMBER: 04229324)
BALANCE SHEET 31 March 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 6,428 CURRENT ASSETS Cash at bank and in hand 130,021 CREDITORS Amounts falling due within one year 9 (7,853) NET CURRENT ASSETS 122,168 TOTAL ASSETS LESS CURRENT LIABILITIES 128,596 NET ASSETS 128,596 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 122,346 - 122,346 122,346 122,346 |
31.3.21 Total funds £ 6,428 252,367 (7,853) 244,514 250,942 250,942 128,596 122,346 250,942 |
31.3.20 Total funds £ 1,040 192,329 (9,759) 182,570 183,610 183,610 126,116 57,494 183,610 |
|---|---|---|---|
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.
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
(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 ............................................. and were Sep 7, 2021 signed on its behalf by:
............................................. Nathan Davies (Aug 23, 2021 17:32 GMT+2) N Davies - Trustee
............................................. N Chouksey - Trustee
The notes form part of these financial statements
Page 8
COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
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 trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
Critical accounting judgements and key sources of estimation uncertainty
In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.
Useful economic life of tangible fixed assets:
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement 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.
Computer equipment
- 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes, cash, current and deposit bank accounts.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES - continued
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.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. DONATIONS AND LEGACIES
| Donations Grants Donated services and facilities Hall Hire |
31.3.21 £ 39,141 257,742 3,400 - 300,283 |
31.3.20 £ 13,607 307,963 10,510 2,950 335,030 |
|---|---|---|
Donated Goods and Services
The trustees would like to thank all those who donated goods to the Charity for the year. These ranged from tickets for the youth to attend premier league football matches to food for the centre. These donations amounted to £3,400 (2020: £10,510).
Grants received, included in the above, are as follows:
| Ajama Awards for All Batchworth Trust BBC Children in Need Big Lottery Fund Charles French Charity Chesterhill Charitable Trust City Bridge Trust Copenhagen Primary School Cripplegate Foundation Four Hundred Community Fund Girdlers Charitable Trust Global Make Some Noise Guiness Partnership Indigo Trust IPA Isledon Arts Jack Petchey Foundation John Lewis - Community Matters LBI - Section 106 Logan & Bridgette London Borough of Islington London Community Foundation MOPAC Newby Trust Paul Hamlyn Sport England Waitrose Welcome Collection Youth Music Other grants |
31.3.21 £ - 10,000 13,500 6,129 71,993 2,500 1,000 6,905 - 10,000 - 5,000 25,000 - 15,000 - 3,000 1,000 - - - 24,809 16,000 - 5,000 20,000 6,400 - 5,299 8,229 978 257,742 |
31.3.20 £ 10,000 - 18,500 10,059 75,692 - - - 2,925 7,275 500 5,000 - 10,250 15,000 1,794 1,950 1,000 540 70,000 10,000 46,218 6,000 4,960 - 10,000 - 300 - - - 307,963 |
|---|---|---|
continued...
Page 10
COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2021
3. INVESTMENT INCOME
| 3. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Deposit account interest | 209 | 547 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Depreciation - owned assets | 3,183 | 1,053 | |
| Independent Examination Fee | 2,016 | 1,956 |
5. 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.
The charity consider its key management personnel to comprise the trustees,and the senior management team. Total remuneration for key personnel in the year was £82,545 (2020: £82,423) .
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| All Staff | 6 | 7 | |
| No employees received emoluments in excess of £60,000. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 248,690 | 86,340 | 335,030 |
| Investment income | 547 | - | 547 |
| Total | 249,237 | 86,340 | 335,577 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Youth Activities | 148,891 | 91,773 | 240,664 |
| NET INCOME/(EXPENDITURE) | 100,346 | (5,433) | 94,913 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 25,770 | 62,927 | 88,697 |
| TOTAL FUNDS CARRIED FORWARD | 126,116 | 57,494 | 183,610 |
continued...
Page 11
COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2021
8. TANGIBLE FIXED ASSETS
| COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Youth Clubs Volunteer, Mentoring & Employability Projects TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Youth Clubs Volunteer, Mentoring & Employability Projects TOTAL FUNDS |
Computer equipment £ 10,504 8,571 19,075 9,464 3,183 12,647 6,428 1,040 31.3.21 31.3.20 £ £ 4,421 6,830 1,416 973 2,016 1,956 7,853 9,759 Net movement At At 1.4.20 in funds 31.3.21 £ £ £ 126,116 2,480 128,596 48,613 (8,497) 40,116 8,881 73,349 82,230 57,494 64,852 122,346 183,610 67,332 250,942 Incoming Resources Movement resources expended in funds £ £ £ 171,865 (169,385) 2,480 86,698 (95,195) (8,497) 83,670 (10,321) 73,349 170,368 (105,516) 64,852 342,233 (274,901) 67,332 |
|---|---|
continued...
Page 12
COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Youth Clubs Volunteer, Mentoring & Employability Projects Football Events & Trips TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Youth Clubs Volunteer, Mentoring & Employability Projects Football Events & Trips TOTAL FUNDS A current year 12 months and prior year 12 months combined position is as Unrestricted funds General fund Restricted funds Youth Clubs Volunteer, Mentoring & Employability Projects Football Events & Trips TOTAL FUNDS |
Net movement At At 1.4.19 in funds 31.3.20 £ £ £ 25,770 100,346 126,116 39,260 9,353 48,613 11,666 (2,785) 8,881 8,948 (8,948) - 3,053 (3,053) - 62,927 (5,433) 57,494 88,697 94,913 183,610 Incoming Resources Movement resources expended in funds £ £ £ 249,237 (148,891) 100,346 63,355 (54,002) 9,353 14,750 (17,535) (2,785) 2,335 (11,283) (8,948) 5,900 (8,953) (3,053) 86,340 (91,773) (5,433) 335,577 (240,664) 94,913 follows: Net movement At At 1.4.19 in funds 31.3.21 £ £ £ 25,770 102,826 128,596 39,260 856 40,116 11,666 70,564 82,230 8,948 (8,948) - 3,053 (3,053) - 62,927 59,419 122,346 88,697 162,245 250,942 |
|---|---|
continued...
Page 13
COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Clubs Volunteer, Mentoring & Employability Projects Football Events & Trips TOTAL FUNDS |
Incoming resources £ 421,102 150,053 98,420 2,335 5,900 256,708 677,810 |
Resources Movement expended in funds £ £ (318,276) 102,826 (149,197) 856 (27,856) 70,564 (11,283) (8,948) (8,953) (3,053) (197,289) 59,419 (515,565) 162,245 |
|---|---|---|
Fund Descriptions
Youth Clubs - four regular sessions a week as well as girls club and outreach work. We provide a range of activities including, cooking, music, fitness workouts and various workshops including photography & film making.
Volunteer, Mentoring & Employability Projects - The volunteer and mentoring programme supports all CYP sessions. Employability advice is a drop in service that takes place every week for support with CV writing, apprenticeship and employment applications.
Football - Due to the pandemic this year our football sessions were reduced to a minimal of Girls and Senior football sessions.
Events & Trips - Half term trips include: cycling exploring London's greatest landmarks, cinema, paint-balling, Southend. Luxury baking and bootcamp circuit training sessions.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 14