REGISTERED CHARITh NUMBER: 1114581 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YAR ENDED 29 FEBRUARY 2024 FOR ETC YOUTH LTD MAP ACCOUNTING LIMITED Chartered Certified Accountants 26, OAKFIELD AVENUE HARROW, LONDON HA3 8TJ
ETC YOUTH LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financlal Activities Balance Sheet Notes to the Financlal Statements 5t06 Detalled Statement of Financlal Actlvltles
Efc YOUTH LTD REPORT OF THE TRUSTEES FOR THEYEAR ENDED 29 FEBRUARY 2024 The trustees present thelr report wlth the flnancial statemerts of the charity forthe year ended 29 FEBRUARY 2024. The trustees have adopted the provislons of the Statement of ftemmended Practice ISORPI 'Accountln8 and Reporting by Ch3rltles' 1$5ued In March 2(X)5. REFERENCE AND ADMINISTRATIVE DETAILS Reglst•rad Charfty numbor 1114581 Prln¢lp•l address 26 OAKFIELD AVENUE HARROW HA3 8TJ Trustees Rephoel Zev Godlew5 Ind•pend•rt •Mmln•r MAP Accountln8 Llmlted Chartered Certlfied Attountants 26, Oakfield Avenue Harrow. London HA38TJ STrUCTURE, GOVERNANCE AND MANAGEMENT Govemln8 document The charlty Is controlled by Its 8overnln8 documenl, o deed of trust, and ¢onstltutes Jn unlncorporated charlty. Rtsk m•nai•m•nt The trustee5 have a duty to Identlfy and Tevlew the Tlsks to whlch the charlly Is exposed and to ensure approprlate ¢ontrols are In place to provlde reasonable assurance a8alnrt fraud and error. Approved by order of the boBrd of trustees on 21 November 2024 and slgned on Its behalf by.. R Z Godlew5kv PaEe I
INDEPENDENTEXAMINER'S REPORTTO THE TRUSTEES OF EfcYoLITH LTD I rèport onthe 0ntS forthe year ended 29 FEBRUARY 2024, whlch areset olrton pa8eS three to Six. R•¥wJnsibKitie5 aryl ba¥ls¢f wport As the charity'stru5te¢5 you are responslbieforthe preparatlon of the aCCDuThts In zccordance wlththe requlrements of the Ch?rltle5 Art 2011 llhe Act'l. I have examlned your charlty's accolrnts as requlred under section 145 of the Charltles Act 2011 lhe Act'l. In carryln8 out myemamlnatlon I have folk)wed the Dlreciions 8hen bythe Charfty Comm6slon under settion 1451Sllbl of the 2011 Att. My rolets to ststewhetherany materlal matters have come to my attentlon 8Mn8 me cèu5• to belleve: that aontIng records were not kept as requlred by sectlon 130 of the Art; or that the accounts do not accor(I wlth those records,. or that the accounts do not comply wlth the accountln8 requlrements of ihe Att,. or that there Is further Informatlon needed for a proper understandln8 of the accounts. Ind¢p•nd•nt •x•mln•r'i st•t•m•nt I havè ctsmpl•td my examlnltlon and hove no ¢on¢erns In respect of the matters111 to141115ted #b¢ve and, In ttjnnertlon wlth follow1 the DlrertSons of the Charhy Commlsslon I have found no rnatter5 th* requlre drawln8 to your attentlon. Ankur Sh•h ACCA MAP A¢¢ountlnB Llmlted Chartered Certffted Accountants 26, Oaktlold Avenue Harrow, London HA38TJ 21-Nov-24 Pa8e 2
ETC YOUTH LTD srATEMEMf OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 29 FEBRUARY 2024 2024 Unrestricted fund 2023 Total fund5 Notes INCOMING RESOURCES Incomlng resources from generated funds Voluntary income Other operating income Total Incorne 835,214 29 835,243 814,242 814,242 RESOURCES EXPENDED Charltable actlvltles Educatlonal events and lectu res Unlted Klngdom 805,843 807,712 Total resources expended 805,843 807,712 NET INCOMINGI(OUTGOING) RESOURCES 29,400 6,530 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 29,400 6,530 The notes form part of these financial statements Page 3
Efc YOUTH LTD BALANCE SHEET AT 29 FEBRUARY 2024 2024 Unrestricted fvnd 2023 Total funds Note5 FIXED ASSETS Investments 50 50 CURRENT A5SET5 Debtors Cash at banK 100,676 5.131 105.807 80,864 24 80,888 CREDITORS Amounts fallln8 due within one year NET CURRENT ASSETS 105,807 80,888 Credltors: amounts tallln8 due after more than one year 13,284 17,765 NET ASSErs 92,573 63,173 FUNDS Unre5trlcted funds 92,573 63,173 TOTAL FUNDS 92,573 63,173 The flnanclal statements were approved by the Board of Tnjstees on 21 November 2024 and were sl8ned on Its behalf bv: R Z Godlewsky The notes fomi Part of these financlal statements Page 4
ETC Yixmi LTD NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 29 FE8RVARY 2024 ACCOUNnNG POLiaES Accovntlng conv•ntlon The financlal ststement5 have been prepared underihe h15torlcal cost conventlon, and In arcordance vAth the Flnancial Reportingstandard forsmaller Entitles leffectfve Aprll 20081, the Charities Act 2011 and the requlrements of the Statement of Recomrnended Prdttice, Accounting and Reportlng by Charltles. Incomln8 rIr All Incomln8 resour$ are Included on the Statement of Flnanclal Actlvltles when the charlty15 legally tntttled to the income ond the ornount can be quontlfled wfith reasoThable accura¢v. Resources •xpended Expendlture15 accounted for on an 3ccruals basls and has been clas51fied under hèadlngs that aggregate all cost iated to the cate80ry. Where costs cannot be dlrertly attrlbuted to partlcular headlngs they have been allocated to actfvltles on 8 basls con5151ent wlth the use of resources. Grants offered subject to condltlons whl¢h have not been met at the year end date are noted a5 a commltrnent but not accrued as expendliure. T•x•tlon The ¢haTlty Is exempt from tax on Its charltable actfvitles, Fund iccountlnl Unrestrlcted funds can be used In accordarKe wlth the Charltsble oblectlves at the dlscretlon of the trustees. Restrftted funds can only be used for partlcular re5trl¢ted purposes wlthln the objects of the charlty. Aestrlcllons arlse when 5peclfled by the donor or when funds are ralsed for partlcular restrkted purposes. Further explanatlon of the nature and purpose of e•¢h fvnd Is Includ•d In the notes to the fln?ncl41 ststement> Ford8rt CUfren¢l•s A55ets and11?bllltles In f¢relgn currencles are translated Into sterllnÈ atthe rates 01 èxchange rulln8 at the balance sheet date. Transactlons In forel8n currencles ore translaled Into sterfln8 at the rate of exchange rullng at the date of transart1on. Exchange dlfferences arètaken Into account In arrlvlnB ot the operdtlnB result. TrUSTEes' REMUNERAnON AND BENEFITS There were no trustee5' remuneratlon or other beneflts for the year ended 29 February 2024 nor for the year ended 2&Feb-23 TNrteeg' expenses Therè were no trustees, expenses paid lor the year endeil 29 February 2024 norforthe year ended 28 February2023 oiher InStment INVESTMENTS Valuatlon atol March 2023 Valuatlon at 29 February 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YV4R 2021 Trade Debtors Other Debtors 81,233 19,443 100,676 .235 629 5 CREDoR$. AMOUN75 FALUNG DUE after more than one y 2023 Bank loans 13,284 17,765 Pa8e 5
ETC YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 29 FEBRUARY 2024 MOVEMENT IN FUNDS Net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement in funds Unrestrlrted funds General fund 835,243 805,843 29,400 TOTAL FUNDS 835,243 805,843 29,4(X) Page 6
Efc YOUTH LTD DETAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 29 FEBRUARY 2024 2024 2023 INCOMING RESOURCES Voluntary Income Donatlons 835,214 814,242 Total Incomin8 resources 835,214 814,242 RESOURCES EXPENDED Charltable actlvltles Other Dlrert cost Motor Expenses Posta8e Llght & Heat Accountancy fees Repairs and maintenance Sundry expenses Advertlslng and PR 782,510 807,212 1,000 1,000 420 768 500 500 19,637 805,843 807,712 Support costs Flnance 8ank charges Total resources expended 805,843 807,712 Other operatlng Income Other operatlng income 29 Net lexpendfture)Ilncome 29,400 6,530