REGISTERED CHARITY NUMBER: 1092690
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
for
Give Youth a Break
Martin+Heller 5 North End Road London NW11 7RJ
Give Youth a Break
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
Give Youth a Break
Report of the Trustees for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 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
Objectives and aims
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.
The principal object of the charity is the promotion and advancement of leisure and recreational activities for children and young people who would otherwise have difficulty accessing such facilities due to their social, economic or physical circumstances.
Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity runs a social youth club for socially excluded children and young people, aiming to provide them with extra-curricular, cultural and recreational activities as well as therapy where necessary. Weekly sessions are held at a local school, with larger events taking place throughout the year. These include music and drama evenings, inspirational speakers, recreational trips, festive meals, exhibitions and competitions.
The group leaders as well as the club director are all volunteers. The trustees wish to thank all the volunteers for their dedication and enthusiasm.
FINANCIAL REVIEW
Principal funding sources
The charity's income is comprised mainly of voluntary donations from individuals and other charitable organisations.
Reserves policy
The charity does not maintain a reserves policy, as reserves are utilised when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objectives and the trustees consider the financial position of the charity to be satisfactory.
FUTURE PLANS
There are no significant future developments to report.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Decision making
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Induction and training of new trustees
It is not the intention of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures.
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
Page 1
Give Youth a Break
Report of the Trustees for the Year Ended 31 August 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1092690
Principal address 9 Woodville Road London NW11 9TP
Trustees Mrs E Brief J Feiner N Ost A Brief
Independent Examiner A Heller FCA 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Brief - Trustee
Page 2
Independent Examiner's Report to the Trustees of Give Youth a Break
Independent examiner's report to the trustees of Give Youth a Break
I report to the charity trustees on my examination of the accounts of Give Youth a Break (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
A Heller FCA 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
Give Youth a Break
Statement of Financial Activities for the Year Ended 31 August 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 133,628 EXPENDITURE ON Charitable activities 3 Charitable activities 130,461 Other 1,386 Total 131,847 NET INCOME/(EXPENDITURE) 1,781 RECONCILIATION OF FUNDS Total funds brought forward (272) TOTAL FUNDS CARRIED FORWARD 1,509 |
Restricted fund £ - - - - - - - |
31.8.21 Total funds £ 133,628 130,461 1,386 131,847 1,781 (272) 1,509 |
31.8.20 Total funds £ 84,901 103,072 718 103,790 (18,889) 18,617 (272) |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Give Youth a Break
Balance Sheet 31 August 2021
| 31.8.21 | 31.8.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 6 | 15,957 | - | 15,957 | 21,276 |
| Investments | 7 | 10,120 | - | 10,120 | 10,120 |
| 26,077 | - | 26,077 | 31,396 | ||
| CURRENT ASSETS | |||||
| Debtors | 8 | 21,290 | - | 21,290 | - |
| Cash at bank | 224 | - | 224 | 9,864 | |
| 21,514 | - | 21,514 | 9,864 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 9 | (17,259) | - | (17,259) | (7,852) |
| NET CURRENT ASSETS | 4,255 | - | 4,255 | 2,012 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 30,332 | - | 30,332 | 33,408 | |
| CREDITORS | |||||
| Amounts falling due after more than one year | 10 |
(28,823) | - | (28,823) | (33,680) |
| NET ASSETS | 1,509 | - | 1,509 | (272) | |
| FUNDS | 12 | ||||
| Unrestricted funds | 1,509 | (272) | |||
| TOTAL FUNDS | 1,509 | (272) |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Brief - Trustee
The notes form part of these financial statements
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Give Youth a Break
Notes to the Financial Statements for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
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.
Motor vehicles - 25% reducing balance basis
Taxation
The charity is exempt from tax on its charitable activities.
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.
2. DONATIONS AND LEGACIES
| Unrestricted funds £ Donations 133,628 |
Restricted funds £ - |
31.8.21 Total funds £ 133,628 |
31.8.20 Total funds £ 84,901 |
|---|---|---|---|
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continued...
Give Youth a Break
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
3. CHARITABLE ACTIVITIES COSTS
| Charitable activities | Direct Costs £ 130,461 |
|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 84,901 EXPENDITURE ON Charitable activities Charitable activities 103,072 Other 718 Total 103,790 NET INCOME/(EXPENDITURE) (18,889) RECONCILIATION OF FUNDS Total funds brought forward 18,617 TOTAL FUNDS CARRIED FORWARD (272) |
Restricted fund £ - - - - - - - |
Total funds £ 84,901 103,072 718 103,790 (18,889) 18,617 (272) |
|---|---|---|
continued...
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Give Youth a Break
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Motor | |||
| vehicles | |||
| £ | |||
| COST | |||
| At 1 September 2020 and 31 August 2021 | 28,368 | ||
| DEPRECIATION | |||
| At 1 September 2020 | 7,092 | ||
| Charge for year | 5,319 | ||
| At 31 August 2021 | 12,411 | ||
| NET BOOK VALUE | |||
| At 31 August 2021 | 15,957 | ||
| At 31 August 2020 | 21,276 | ||
| 7. | FIXED ASSET INVESTMENTS | ||
| Listed | |||
| investments | |||
| £ | |||
| COST LESS IMPAIRMENT | |||
| At 1 September 2020 and 31 August 2021 | 10,120 | ||
| NET BOOK VALUE | |||
| At 31 August 2021 | 10,120 | ||
| At 31 August 2020 | 10,120 | ||
| There were no investment assets outside the UK. | |||
| Market value as at the balance sheet date was £10,120 (2020: £10,120). | |||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Other debtors | 21,290 | - |
continued...
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Give Youth a Break
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.21 | 31.8.20 | |||
|---|---|---|---|---|
| £ | £ | |||
| Bank loans and overdrafts (see note 11) | 5,159 | 4,042 | ||
| Other creditors | 12,100 | 3,810 | ||
| 17,259 | 7,852 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | ||
| 31.8.21 | 31.8.20 | |||
| £ | £ | |||
| Bank loans (see note 11) | 28,823 | 33,680 | ||
| 11. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.8.21 | 31.8.20 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank loans | 5,159 | 4,042 | ||
| Amounts falling between one and two years: | ||||
| Bank loans - 1-2 years | 5,159 | 6,292 | ||
| Amounts falling due between two and five years: | ||||
| Bank loans - 2-5 years | 23,664 | 25,138 | ||
| Amounts falling due in more than five years: | ||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | - | 2,250 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/9/20 | in funds |
31/8/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (272) | 1,781 | 1,509 | |
| TOTAL FUNDS | (272) | 1,781 | 1,509 |
continued...
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Give Youth a Break
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 133,628 133,628 |
Resources Movement expended in funds £ £ (131,847) 1,781 (131,847) 1,781 |
|---|---|---|
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/9/19 | in funds | 31/8/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,617 | (18,889) | (272) |
| TOTAL FUNDS | 18,617 | (18,889) | (272) |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 84,901 84,901 |
Resources Movement expended in funds £ £ (103,790) (18,889) (103,790) (18,889) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/9/19 | in funds | 31/8/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,617 | (17,108) | 1,509 |
| TOTAL FUNDS | 18,617 | (17,108) | 1,509 |
continued...
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Give Youth a Break
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
12. 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 TOTAL FUNDS |
Incoming resources £ 218,529 218,529 |
Resources Movement expended in funds £ £ (235,637) (17,108) (235,637) (17,108) |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
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Give Youth a Break
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 133,628 | 84,901 |
| Total incoming resources | 133,628 | 84,901 |
| EXPENDITURE | ||
| Charitable activities | ||
| Fundraising costs | 379 | - |
| Admin and office expenses | 13,552 | 16,814 |
| Events | 65,750 | 38,568 |
| Trips | 713 | - |
| After school club | 12,567 | 20,336 |
| Therapy and consultancy fees | 32,181 | 20,262 |
| Motor vehicles | 5,319 | 7,092 |
| 130,461 | 103,072 | |
| Support costs | ||
| Finance | ||
| Bank charges | 60 | 64 |
| Governance costs | ||
| Loan interest | 1,326 | 654 |
| Total resources expended | 131,847 | 103,790 |
| Net income/(expenditure) | 1,781 | (18,889) |
This page does not form part of the statutory financial statements
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