**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 2024
**Prepared By:**
## **Central London Youth Development Trust**
For The Year Ended 31 March 2024
|**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 2024
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 2024
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 2024.
## **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**
1. 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.
2. Preserve and protect physical and mental health.
3. Advance education and training so as to advance in life and assist with the adaption within a new community.
4. 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 2023 to 31st March 2024.
Central London Youth Development reports a defict o of £20562 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 2024
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 2024.
## APPROVAL
This report was approved by the Trustees on ------------------------------and signed on their behalf28/10/2024
Mr Khaled Ahmed Hoque Chairman
Date:
Page 3
## **Central London Youth Development Trust For The Year Ended 31 March 2024**
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 2024 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 2024
|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
Donation
BME Health Forum
Amazon
**LESS: EXPENDITURE**
Accountancy fees
Children Activities
Materials & Maintenance
Depriciation
Equipment expensed
Food
Insurance
Training
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 **
**£**
-
-
-
-
-
-
-
4900
-
-
-
4900
-
-
-
-
-
-
-
-
-
(8,096)
-
-
-
-
-
-
-
(8,096)
**(3,196)**|**Restricted Donation**
**2,024**
**£**
**£**
**£**
-
-
-
-
10000
-
10000
21350
-
21,350
4394
-
4394
-
-
-
-
-
-
-
-
31324
-
31324
-
-
4900
-
1,065
1065
-
-
0
-
18.41
18
67068
1083
73051
(720)
-
(720)
(2,144)
(2,144)
-
-
-
(98)
-
(98)
(1,093)
-
(1,093)
(3,772)
-
(3,772)
-
-
-
-
-
(2,383)
-
(2,383)
(6,609)
-
(6,609)
-
-
(8,096)
(3,875)
-
(3,875)
(7,253)
-
(7,253)
-
-
-
-
-
-
(57,572)
-
(57,572)
-
-
-
-
-
-
(85,518)
-
(93,613)
**(18,450)**
**1,083**
**(20,562)**|**2023**
**£**
21,835.00
10,000.00
18228
25938
-
8,680
29,991
42900
-
7372
5
164949
(522)
-
-
(180)
(2,250)
(7,394)
(762)
(1,350)
(2,389)
(3,205)
(6,077)
(2,390)
(19,204)
-
-
(46,732)
(7,549)
(1,370)
(101,374)
**63,575**|
|---|---|---|---|
Page 5
## **Central London Youth Development Trust**
## STATEMENT OF ASSETS AND LIABILITIES
As at 31 March 2024
|**NOTE**
**2024**
**£**
**Fixed Assets**
IT Equipment
2
444
**Current Assets**
Cash at bank and in hand
58,717
Debtors
3
1,421
60,138
**CREDITORS**
Amount falling due within one year
4
2,533
NET CURRENT ASSETS / (LIABILITIES)
57,605
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**58,049**
**FUNDS:**
Unrestricted Reserve
20,000
Excess of Income over Expenditure
5
38,049
**Total Funds**
**58,049**|**2023**
**£**
542
76895
2337
79232
(1,162)
78070
**78612**
20000
58612
**78612**|
|---|---|
Mr Khaled Ahmed Hoque Chairman Dated: ………………………………………….. 28/10/2024
Page 6
For The Year Ended 31 March 2024 NOTES TO THE ACCOUNTS
## **Central London Youth Development Trust**
## **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 2023
Addition During the year
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for the year
At 31 March 2024
NET BOOK VALUE
At 1 April 2023
At 31 March 2024
**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
586
406
98
180
684
586
542
542
444
542
**2024**
**2023**
**£**
**£**
-
-
1,421
2337
1,421
2,337
**2024**
**2023**
**£**
**£**
(300)
(300)
(47)
(60)
(2,186)
(802)
(2,533)
(1,162)|
|---|---|
Page 7