Charity Number: 1103633
Central London Youth Development Trust
Church Street Neighbourhood Centre, Penfold Street, London, NW8 8PT
REPORT AND FINANCIAL STATEMENTS For The Year Ended 31 March 2023
----- Start of picture text -----
Prepared By:
----- End of picture text -----
Central London Youth Development Trust
For The Year Ended 31 March 2023
| CONTENTS | Page | |
|---|---|---|
| Information of financial Statements | : | 1 |
| Report of the Executive Committee | : | 2 |
| Statement of responsibilities of the Committee | : | 3 |
| Independent Examiner's Report | : | 4 |
| Income and Expenditure Accounts | : | 5 |
| Statement of Assets and Liabilities | : | 6 |
| Notes to the Accounts | : | 7 |
Central London Youth Development Trust
INFORMATION OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023
CHAIRMAN
Mr Khaled Ahmed Hoque
ADDRESS
Church Street Neighbourhood Centre Penfold Street
London, NW8 8PT
BANKER
Natwest
INDEPENDENT EXAMINER
Abu Taher ICPA (Fellow), IFA, MIPA Mahi and co 83-85 Nelson Street London E1 2HN
CHARITY NUMBER
1103633
Page 1
Central London Youth Development Trust
REPORT OF THE BOARD OF Trustees
For The Year Ended 31 March 2023
The Board of Trustees has the pleasure in presenting their report and the Financial Statements reviewed by the independent examiner for the year ended 31 March 2023.
GOVERNING
The organisation is managed by the Board of Trustees according to the organisation constitution. The Trustees are elected every two year to oversee the overall activities and monitor the organisation day-today running.
OBJECTIVE
-
Provide facilities for recreation or other leisure time occupation with the object of improving their conditions of life of persons who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances.
-
Preserve and protect physical and mental health.
-
Advance education and training so as to advance in life and assist with the adaption within a new community.
-
Relieve unemployment by the provision of vocational and skills training, advice and support as the Trustees see fit for the benefit of young people of minority ethnic groups in central London.
The Central London Youth Development was set up in 1996 by a group of young which until 2000 was an informal organisation run by its organisers. In 2000, it had transformed into formal shape with a formal structure and constitution. It is a registered charity and working with the young people from the diverse backgrounds in Central London to increase their aspiration , promote their social behaviour and ensure their effective participation in all aspects of community life.
The Central London Youth Development mission is to create a social framework for the young generation in an acceptable manner and formulate a robust body of young challengers for the constructive resolution on their own situation. The Central London Youth Development provides effective support to achieve excellence by promoting social behaviour of young generations of ethnic minorities, who are in many ways excluded and at risk.
REVIEW AND RESULT
The Trustees present their report and financial statements for the period 1st April 2022 to 31st March 2023.
Central London Youth Development reports a surplus of £63575 on the operations for the year under review. The fluctuations in debtors and creditors year on year are purely the result of the timing of receipts and payments around the year end.
THE MANAGEMENT COMMITTEE
The Board of Trustees who serve in the Charity during the year were as follows:
| Mr Khaled Ahmed Hoque | Chairman |
|---|---|
| Mr Mohammed Mehrajul Islam | Trustee |
| Mr Monojaha Islam | Trustee |
| Mr Mohammed Ikhlas Uddin | Trustee |
| Mr Saidul Chowdhury | Trustee |
| Mr Maynul Hoque | Trustee |
| Mr Areeq Uddin Chowdhury | Trustee |
Page 2
Central London Youth Development Trust
For The Year Ended 31 March 2023
STATEMENTS OF RESPONSIBILITIES OF THE TRUSTEES
Law applicable to charities in England & Wales requires the Committee to prepare financial statements for each financial year that give a true and fair view of the charity's financial activities during the year of its financial position at the end of the year. In preparing those financial statements, the Committee is required to:
(A) Select suitable accounting policies and apply them consistently;
(B) Make judgments and estimates that are reasonable and prudent;
(C) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
(D) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Board of Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER
According to the provissions of the Charities Act 1993, the trustees has agreed that an audit is not required for this financial year. However ,due to provision of the same act an independent examiner is required.
The Board of Trustees has appointed Mr Abu Taher of Mahi & Co as an independent examiner for the year ended 31 March 2023.
APPROVAL
1st September 2023 This report was approved by the Trustees on ------------------------------and signed on their behalf
Mr Khaled Ahmed Hoque Chairman Date: 1st September 2023
Page 3
Central London Youth Development Trust For The Year Ended 31 March 2023
INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE TRUSTEES.
In accordance with the general directions gven by the Charity Commission we have compiled the Financial Statements comprising Income and Expenditure account for the year ended 31 March 2023 and Statement of Assets and Liabilities as on that date.
The trustees consider that an audit is not required for the year under section 43(2) of the charity Act 1993. The Procedures we have undertaken do not provide all the evidevce that would be required in an audit therefore no opinion is given as to whether the accounts present a 'true and fair' view.
MAHI & CO
Certified Practising Accountants 83-85 Nelson Street London E1 2HN
Page 4
Central London Youth Development Trust
INCOME AND EXPENDITURE ACCOUNT
For The Year Ended 31 March 2023
| Garfield Weston London Catalyst Young Westminister Foundation City of Westminister Charitable Trust K&C CC Grant National Lottery Heritage Church Street Neighbourhood Keepers One Westminister Project Grant City of Westminister John Lyons Charity HMRC JRS BME Health Forum Amazon LESS: EXPENDITURE Accountancy fees Children Activities Depriciation Equipment expensed Food ingredients Insurance Pensions Professional & legal fees Rent & Hiring PPS & Advert Voluntary staff Telephone and Internet Employer NIC Wages and salaries Travel and subsistence Sundry Expenses Excess of Income over Expenditure |
Un restricted £ - - 3,330 - - - - 3900 - 5500 - 12730 - - - - - - - (6,077) - - - - - - - |
Restricted Donation 2,023 £ £ £ - - - - 21835 - 21835 10000 - 10000 14899 - 18228 25938 - 25938 - 0 8680 - 8680 29991 - 29991 39000 - 42900 - 0 - 1872 7372 - 5 5 150342 1877 164949 (522) - (522) (7,549) - (7,549) (180) - (180) (2,250) - (2,250) (7,394) - (7,394) (762) - (762) (2,389) - (2,389) (4,555) - (4,555) - - (6,077) (2,390) - (2,390) (100) - (100) - - - - - - (65,836) - (65,836) - - - (1,370) - (1,370) (95,297) - (101,374) 55,045 1,877 63,575 |
2022 £ 10,000 2,000 - - 5351 10215 - 22,044 19500 1,767 7750 5 |
|---|---|---|---|
| 78632 | |||
| (564) (2,859) (180) (414) (2,110) (383) (2,195) (4,791) (5,187) (384) (1,990) (467) (66) (55,448) (30) (218) |
|||
| (6,077) | (77,286) | ||
| 6,653 | |||
| 1,346 |
Page 5
Central London Youth Development Trust
STATEMENT OF ASSETS AND LIABILITIES
As at 31 March 2023
| NOTE 2023 £ Fixed Assets IT Equipment 2 542 Current Assets Cash at bank and in hand 76,895 Debtors 3 2,337 79,232 CREDITORS Amount falling due within one year 4 (1,162) NET CURRENT ASSETS / (LIABILITIES) 78,070 TOTAL ASSETS LESS CURRENT LIABILITIES 78,612 FUNDS: Unrestricted Reserve 20,000 Excess of Income over Expenditure 5 58,612 Total Funds 78,612 |
2022 £ 722 13587 1980 15567 (1,252) 14315 15037 13690 1347 15037 |
2022 £ 722 13587 1980 15567 (1,252) 14315 15037 13690 1347 15037 |
|---|---|---|
| 15037 | ||
| 13690 1347 |
||
| 15037 |
Mr Khaled Ahmed Hoque Chairman Dated: ………………………………………….. 1st September 2023
Page 6
Central London Youth Development Trust
For The Year Ended 31 March 2023 NOTES TO THE ACCOUNTS
1. ACCOUNTING POLICIES
a. Basis of Accounting
The accounts have been prepared under the historical cost convention of accounting.
b. Grants
Revenue grants are credited to the Income and Expenditure account on a receivable basis.
c. Donations
Donations are recorded on a receipt basis.
d. Depreciation
20% straight line.
2. FIXED ASSETS
| 2. FIXED ASSETS COST At 1 April 2021 Addition During the year At 31 March 2022 DEPRECIATION At 1 April 2021 Charge for the year At 31 March 2022 NET BOOK VALUE At 1 April 2021 At 31 March 2022 3. DEBTORS HMRC JRS Other debtor 4. CREDITORS Accountancy PAYE NI and Pension Creditors ` |
IT Equipment Total £ £ |
|---|---|
| 1,128 1,128 - |
|
| 1,128 1,128 |
|
| 226 406 180 180 |
|
| 406 586 |
|
| 902 902 |
|
| 722 542 |
|
| 2022 2023 £ £ - - 1,980 2337 |
|
| 1,980 2,337 |
|
| 2022 2023 £ £ (300) (300) (63) (60) (889) (802) |
|
| (1,252) (1,162) |
Page 7
5. ADVANCE GRANT RECEIVED
| 5. ADVANCE GRANT RECEIVED | |
|---|---|
| 1.John Lyons Charity 2.National Lottery Heritage & Others |
For 2024 |
| £ 19500 35938 |
|
| 55438 |
Page 7
Page 7
Page 7