NOMAD DETACHED YOUTH AND COMMUNITY PROJECT
Accounts- 31st March 2021
## **NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
_(A company limited by guarantee and not having a share capital)_
Charity number: 1110274 Company number: 5480572
Accounts – 31st March 2021
## **INDEX**
- 1-3. Report of the Trustees and General Information 4. Independent Examiner’s Report to the Trustees
5. Statement of Financial Activities 6. Balance Sheet 7-13. Notes to the Accounts
**Registered in England and Wales No: 5480572**
1.
## **NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
## **REPORT OF THE TRUSTEES for the year ended 31st March 2021**
The Trustees are pleased to present their annual report and financial statements of the charitable company for the year ended 31st March 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 the Republic of Ireland (FRS 102) (effective 1st January 2015).
## **Reference and Administration Details**
The charity’s name is Nomad Detached Youth and Community Project.
Charity Registration Number: 1110274 Company Number: 5480572
Registered Office and Principal Address: 55-57 Market Place, Henley on Thames, Oxfordshire, RG9 2AA
## **Trustees and Directors**
**Trustees/Directors:** D R Carter M Sayers J Bray J F Bray J M Gunnell P R Lloyd (appointed 18th January 2021)
**Secretary:** S Prior
## **Objectives and Activities**
The main objects of the charity are:
- a) The advancement of education in accordance with Christian principles particularly in the areas of life and parenting skills, health, employment and finances.
- b) To provide community facilities for recreational and other leisure activities for people in need due to social and economic circumstances in Henley on Thames and the surrounding area.
In planning the activities of the charitable company the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of education and religion.
The main activities are to support children, young people and their families in all aspects of their lives particularly education, health, training, employment, finances, independence and recreation.
The charitable company hopes that its activities will encourage people to make a positive contribution to their local community.
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
2.
## **REPORT OF THE TRUSTEES**
## **for the year ended 31st March 2021 (** Continued)
## **Achievements and Performance**
The company operates in and around Henley on Thames and has several activities which seek to reach out to the local community. In particular the company has sought to fulfil its charitable objectives by running a detached youth and community project. The main aims are:
- To support children, young people and their families experiencing challenges in their lives.
- To help in all aspects of their lives, in particular education, health, training, employment, finances, independence, and recreation.
- To encourage people to make positive contributions to their local community.
The principal source of income for the charity is grants and donations.
During the year the above aims have been met by delivering the following services:
- Delivering 1,355 Food Parcels (2,956 bags of food) to local individuals and families.
- Help fund to support those impacted by COVID 19.
- Lockdown creative challenges.
- 1 to 1 Mentoring in schools and online.
- Life Skills Programmes both formal and informal.
- Family Support through 1 to 1 and group parenting training and online support.
- Family Focus support workshops for parents and young people together.
- After School diversionary programmes offering positive and alternative activities including football projects and detached sessions.
- Targeted holiday activities for young people and families including paintballing, mountain biking and SUP sessions.
- 16+ project supporting young people who have failed to make the transition from school into further education, training or employment including online support.
- Food Bank and Help Fund to provide support for many experiencing financial challenges.
During lockdown Nomad remained open and whilst unable to relate to its clients on a face-to-face basis has done so online. The main activity, particularly during the first lockdown, was operation of the Foodbank.
During the year approximately £55,000 worth of donated food has been delivered in 1,355 food parcels (2,956 bags of food).
Approximately £2,000 worth of food is currently in the Foodbank.
## **Financial Review**
The total income for the year was £267,533 and total expenditure on charitable activities amounted to £181,599. At the year end the balance on reserves was £115,412 on unrestricted reserves of which £31,524 has been invested in fixed assets leaving £83,888 free reserves and £32,494 on restricted reserves.
## **Reserves Policy**
The trustees have examined the charity’s requirements for reserves taking account of the main risks to the organisation. At a time of rising demand for the charity’s services and uncertainty of finance the trustees have reviewed the policy whereby the unrestricted funds not committed or invested in tangible fixed assets and held in reserve by the charity should be sufficient to cover 4 months salaries. This is £30,000 and is held in a separate account. The reserves are to ensure that should the charity not receive sufficient funding to continue work the staff notice period can be covered. The Trustees aim is to increase the reserves to cover 4 months expenditure by March 2022. There is a designated sum of £16,349 set aside in another account for restricted projects.
3.
## **NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
## **REPORT OF THE TRUSTEES**
**for the year ended 31st March 2021 (** Continued)
## **Structure, Governance and Management**
## **Governing Document**
Nomad Detached Youth and Community Project is a company limited by guarantee governed by its Memorandum and Articles of Association dated 8th June 2005. It is registered as a charity with the Charity Commission. Members of the charitable company guarantee to contribute amounts not exceeding £10 to the assets of the charitable company in the event of winding up.
## **Appointment of Trustees**
The trustees keep the composition of the board under review and will seek to appoint additional members with appropriate skills and expertise should the need arise. Interested parties are given details of the background of the charitable company in order to make them aware of current activities. To be appointed as a Trustee a person must be recommended by existing Trustees, be at least 18 years old and subscribe to the charity’s aims and ethos statement _._
This report has been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006.
This Report was approved by the Board on 17th August 2021
Peter Lloyd Signed on its behalf by: ………………………………….. P R Lloyd -Trustee/Director
Henley on Thames
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report to the trustees on my examination of the accounts of Nomad Detached Youth and Community Project (the charitable company) for the year ended 31st March 2021.
## **Responsibilities and Basis of Report**
As the charity’s trustees (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 charitable 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 the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants.
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:
1. accounting records were not kept in respect of the charitable 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
4. the accounts have not been prepared in accordance with 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.
A P Williams FCCA A J Carter & Co Chartered Accountants
22b High Street Witney Oxon OX28 6RB
18th August 2021
5.
## **NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
_(including an income and expenditure account)_
**for the year ended 31st March 2021**
|Note
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total incoming resources**
**Expenditure on:**
Raising funds
Charitable activities
7
**Total expenditure**
**Net income/(expenditure) and net**
**movement in funds for the year**
**Transfer between funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
85,862
175,601
261,463
4,443
-
4,443
1,608
-
1,608
19
-
19
91,932
175,601
267,533
-
-
-
52,764
128,835
181,599
52,764
128,835
181,599
39,168
46,766
85,934
31,487
(31,487)
-
70,655
15,279
85,934
44,757
17,215
61,972
£115,412
£32,494
£147,906|**Total**
**Funds**
**2020**
**£**
168,409
11,115
11,440
132|
|---|---|---|
|||191,096|
|||6,205
155,160|
|||161,365|
|||29,731
-|
|||29,731
32,241|
|||£61,972|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 7 to 13 form part of these financial statements
Registered in England and Wales: 5480572
6.
## **NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
## **BALANCE SHEET as at 31st March 2021**
|Note
**Fixed assets**
Tangible assets
13
**Total fixed assets**
**Current assets**
Debtors
14
Investments
15
Cash at bank and in hand
**Total current assets**
**Liabilities**
Creditors falling due within one year
16
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
17
**The funds of the Charity**
Restricted income funds
18
Unrestricted income funds
18
Total unrestricted funds
**Total charity funds**|**2021**
**£**
31,524
31,524
1,898
135,010
14,559
151,467
35,085
116,382
147,906
£147,906
32,494
115,412
115,412
£147,906|**2020**
**£**
838|
|---|---|---|
|||838|
|||2,195
86,232
6,165|
|||94,592
33,458|
|||61,134|
|||61,972|
|||£61,972|
|||17,215|
|||44,757|
|||44,757|
|||£61,972|
For the year ended 31st March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Directors Responsibilities**
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the act with respect to the accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006 .
These accounts were approved by the board of directors and authorised for issue on: 17th August 2021 and are signed on their behalf by:
Peter Lloyd .................................................... P R Lloyd -Trustee/Director
The notes on pages 7 to 13 form part of these financial statements
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
7.
## **NOTES TO THE ACCOUNTS**
## **for the year ended 31st March 2021**
## 1. **Accounting Policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a) **Basis of Preparation**
The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Reporting Financial Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1st January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Nomad Detached Youth and Community Project meets the definition of a public benefit entity under FRS 102.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
## b) **Income Recognition Policies**
Items of income are recognised and included in the accounts when all of the following criteria are met:
- The charity has entitlement to the funds;
- any performance conditions attached to the items of income have been met or are fully within the control of the charity;
- there is sufficient certainty that receipt of the income is considered probable; and
- the amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
## c) **Donated Services and Facilities**
In accordance with the Charities SORP (FRS 102) the general time of volunteers is not recognised in the accounts.
- d) **Interest Receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
8.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2021** (continued)
- f) **Expenditure and Irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Expenditure on Charitable activities includes the cost of support of the community in Henley on Thames and the surrounding area as described in the Trustees’ Report _._
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
- g) **Tangible Fixed Assets**
Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on the straight line basis as follows:
**Asset Annual Category Rate** Motor Vehicle 25% per annum Office equipment 33 1/3% per annum
## h) **Debtors**
Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
- i) **Cash at Bank and in Hand** Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
- j) **Creditors and Provisions**
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- k) **Pensions**
The Charity operates a defined contribution scheme, the assets of which are held outside the Charity. The contributions by the Charity in the year are detailed in note 9.
## 2. **Legal Status of the Charity**
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
9.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2021** (continued)
## 3. **Income from donations**
|**Income from donations**|||
|---|---|---|
|Gifts, donations and grants|2021
£
261,463
£261,463|2020
£
168,409|
|||£168,409|
Of the £261,463 received in 2021 (2020: £168,409) £175,601 was restricted funds (2020: £70,442) and £85,862 (2020: £97,967) unrestricted funds.
Included in the above is £54,500 (2020 - £39,000) of grant income from central and local government in support of project works.
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in the charity's annual report. In accordance FRS102 and the Charities SORP (FRS 102), the economic contribution of volunteers is not recognised in the accounts.
## 4. **Income from charitable activities**
|Fees received - advice work|Unrestricted
2021
£
4,443
£4,443|Unrestricted
2020
£
11,115|
|---|---|---|
|||£11,115|
## 5. **Income earned from other trading activity**
|Fund raising activities|Unrestricted
2021
£
1,608
£1,608|Unrestricted
2020
£
11,440|
|---|---|---|
|||£11,440|
## 6. **Investment income**
All of the Charity investment income arises from money held in deposit accounts at Lloyds bank.
## 7. **Analysis of expenditure on charitable activities**
|Project support costs
Office and administration expenses
Project costs
Accountancy
Profit on sale of motor vehicle
Depreciation
**Total**|Community
2021
Projects
Total
£
£
101,278
101,278
32,995
32,995
48,730
48,730
1,392
1,392
(5,000)
(5,000)
2,204
2,204
£181,599
£181,599|2020
Total
£
111,275
21,708
19,975
1,368
-
834|
|---|---|---|
|||£155,160|
Of the £181,599 expenditure in 2021 (2020: £155,160) £52,764 was charged to unrestricted funds (2020: £94,065) and £128,835 to restricted funds (2020: £61,095).
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
10.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2021** (continued)
## 8. **Net income/(expenditure) for the year**
|_This is stated after charging:_
Depreciation
Independent examination and accountancy services
_This is stated after crediting:_
Profit on sale of motor vehicle
**Analysis of staff costs and trustee remuneration and expenses**
Salaries and wages
Social security costs
Employer contribution to defined contribution pension
scheme|2021
£
2,204
1,392
5,000
2021
£
95,204
4,182
1,892
£101,278|2020
£
834
1,368|
|---|---|---|
|||-|
|||2020
£
104,125
5,135
2,015|
|||£111,275|
## 9. **Analysis of staff costs and trustee remuneration and expenses**
No employees had emoluments in excess of £60,000 (2020: Nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £Nil) neither were they reimbursed expenses during the year (2020: £Nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £Nil).
The Trust considers its key management personnel comprise the trustees and T Prior. The total employment benefits and expenses of the key management personnel in the year was £45,874 (2020: £44,801)
## 10. **Staff numbers**
The average monthly number of employees during the year was as follows:
||2021|2020|
|---|---|---|
||Number|Number|
|Charitable work|4|5|
## 11. **Related party transactions**
During the year Mrs D Cole wife of R S Cole a trustee (resigned 6th January 2020) was paid £- (2020: £270) in respect of payroll work.
## 12. **Corporation tax**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
11.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2021** (continued)
## 13. **Tangible fixed assets**
|Cost:
As at 1.4.2020
Additions
Disposals
As at 31.3.2021
Depreciation:
As at 1.4.2020
Charge for year
Eliminated on disposals
As at 31.3.2021
Net book value:
As at 31.3.2021
As at 31.3.2020
14.**Debtors**
Other debtors
15.**Current asset investments**
Cash on deposit
16.**Creditors: amounts falling due within one year**
Trade creditors
Accruals and other creditors
Grant income received in advance
Taxation and social security costs|Motor
vehicles
£
17,500
32,890
(17,500)|Office
equipment
£
7,497
-
-
7,497
6,659
834
-
7,493
£4
£838
2021
£
1,898
£1,898
2021
£
135,010
£135,010
2021
£
68
1,943
30,000
3,074
£35,085|Total
£
24,997
32,890
(17,500)|
|---|---|---|---|
||32,890||40,387|
||17,500
1,370
(17,500)||24,159
2,204
(17,500)|
||1,370||8,863|
||£31,520||£31,524|
||£-||£838|
||||2020
£
2,195|
||||£2,195|
||||2020
£
86,232|
||||£86,232|
||||2020
£
-
1,381
30,000
2,077|
||||£33,458|
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
12.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2021** (continued)
## 17. **Analysis of net assets between funds**
|Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
**Total**|General
Restricted
Funds
Funds
Total
£
£
£
31,524
-
31,524
(16,550)
31,109
14,559
100,438
1,385
101,823|
|---|---|
||£115,412
£32,494
£147,906|
## 18. **Analysis of charitable funds**
## **Analysis of movements in restricted funds**
|Food bank
_Help Fund_
John Hodges
Brandwood
Face of Henley
Mosawi
Thamesfield
Youth Mosawi Foundation
Other
Bike project
Detached work
25 Year funding
Mini bus replacement
DJ Boys
Kitchen upgrade
Salary costs|Balance
Incoming
Resources
Funds
1.4.2020 resources
expended
Transfers
31.3.2021
£
£
£
£
£
6,216
26,184
(17,252)
(7,307)
7,841
2,066
4,064
(4,366)
527
2,291
-
600
(600)
-
-
-
1,076
(1,076)
-
-
4,000
10,000
(15,026)
2,396
1,370
-
2,300
(2,210)
(90)
-
4,092
8,000
(4,847)
-
7,245
573
-
-
(573)
-
314
-
(314)
-
-
(46)
-
-
46
-
-
13,786
(39)
(2,000)
11,747
-
22,000
-
(22,000)
-
-
2,486
-
(2,486)
-
-
2,000
-
-
2,000
-
83,105
(83,105)
-
-|
|---|---|
||£17,215 £175,601 £(128,835)
£(31,487)
£32,494|
## **Name of restricted fund**
## **Description, nature and purposes of the fund**
Salary costs Other restricted funds
Restricted income received to contribute towards salary costs Various community projects undertaken by the charity
During the year some of the restricted funds were consolidated to better suit the activities of the charity.
Transfers have been made to the restricted reserves in the year in respect of projects no longer in operation that were in deficit last year.
£22,000 was received in the year to fund the purchase of a new mini bus. As the mini bus has now been purchased this sum together with a further £2,000 allocated for this purpose have been released to General Funds.
**NOMAD DETACHED YOUTH AND COMMUNITY PROJECT**
13.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2021** (continued)
## 18. **Analysis of charitable funds - continued**
## **Analysis of movements in unrestricted funds**
|General fund
**Total**
**Name of unrestricted fund**|Balance
Incoming Resources
Funds
1.4.2020 resources
expended
Transfers
31.3.2021
£
£
£
£
£
44,757
91,932
(52,764)
31,487
115,412|
|---|---|
||£44,757
£91,932 £(52,764)
£31,487
£115,412|
||**Description, nature and purposes of the fund**|
General fund The 'free reserves' after allowing for all designated funds.
## 19. **Pension commitments**
The charity operates a defined contribution scheme the assets of which are held separately from those of the charity in an independently administered fund. At the balance sheet date unpaid contributions of £551 (2020: £13) were due to the fund. They are included in other creditors.