2021-03-31-accounts - Young Advisors Company Ltd

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			Total Funds Total Funds	Total Funds Total Funds	Total Funds Total Funds	Total Funds Total Funds
			Year Ended
	Unrestricted Restricted 31 March Year Ended 31
	Funds		Funds	2021 March		2020
	Further
	Details	£	£	£	£
Incomefrom:
Donations and legacies	(3)	1,480		1,480		25
Charitable Activities	(4)		116,042	116,042
Other Trading Activities	(5)	517		517		5,250
Investment Income
Other						165
Total		1,997	116,042	118,039		5,440
Expenditure on:
Raising Funds	(6)					1,552
Charitable Activities	(6)	3,847	72,661	76,508		7,709
Total		3,847	72,661	76,508		9,261
Net gains/(losses) on investments				-
Netincome/(expenditure)		(1,850)	43,381	41,531		(3,821)
Transfers between funds	(15)
Net movementinfunds		(1,850)	43,381	41,531		(3,821)
Reconciliation of funds
Total funds brought forward	(15)	7,624	9,358	16,982	20,803
Total fundscarried forward	(15)	5,774	52,739	58,513	16,982

		2021	2020
	Notes	£	£
Fixed assets:
Tangible assets	(11)	1	1
Total fixed assets		1	1
Current assets:
Debtors	(12)	9,205	7,886
Cash at Bank & in Hand		49,918	10,197
Total current assets		59,123	18,083
Liabilities:
Creditors: Amounts falling due within one year	(13)	611	1,102
Net current assets or liabilities		58,512	16,981
Total assets less current liabilities		58,513	16,982
Totalnet assets or liabilities		58,513	16,982
The funds of the charity:
Restricted income funds	(15)	52,739	9,358
Unrestricted income funds	(15)	5,774	7,624
Total charity funds		58,513	16,982

	Year Ended	Year Ended
	31 March	31 March
	2021	2020
	£	£
Net cash used in operating activities	39,721	(3,360)
Cash flows from investment activities:
Interest
Purchase of fixed assets
Netcash provided byinvestingactivities
Increase/(decrease) in cash and cash equivalents during the year	39,721	(3,360)
Cash and cash equivalents brought forward	10,197	13,557
Cash and cash equivalents carried forward	49,918	10,197

	Unrestricted Restricted Total Funds Total Funds
	Year Ended Year Ended Year Ended Year Ended
	31 March 31 March 31 March 31 March
	2021202120212020
	£ £ £ £
Donations	1,480 -1,480 25
	1,480 1,480 25
Previous reporting period	25 - 25

4.Incomefrom charitable activities
	Unrestricted Restricted TotalFunds Total Funds
	Year Ended YearEnded Year Ended Year Ended
	31 March 31 March 31 March 31 March
	2021202120212020
	£ £ £ £
Restricted grants:
National Lottery Together Project	70,00070,000
National Lottery	46,04246,042
	116,042 116,042
Previous reporting period

5.Income from other trading activities
	Unrestricted Restricted Total Funds TotalFunds
	Year Ended Year Ended Year Ended Year Ended
	31 March 31 March 31 March 31 March
	20212021	20212020
	£ £	£	£
Training and general income	517	517	5,250
	517	517	5,250
Previous reporting period	5,250	5,250
6.Expenditure
	Education
	and Training Year Ended Year Ended
	of Young 31 March 31 March
	People	20212020
	£	£	£
Expenditure onraising funds:
AQA and Accreditation			1,552
			1,552
Expenditureoncharitable activities:
Employment Costs
Associates and young advisors	67,719	67,719	2,600
Management Fees	5,400	5,400
Travel & Volunteer Expenses	79	79	108
Bad Debts	517	517	(147)
Subscriptions	355	355	364
Telephone and internet	8	8	108
Rent			2,700
Insurance	1,534	1,534	850
Governance and support	536	536	796
Post, Printing & Stationery	360	360	330
Depreciation
	76,508	76,508	7,709
	76,508	76,508	9,261
Unrestricted funds		3,847	9,261
Restricted funds		72,661
		76,508	9,261

below:
	General Support Governance Total	Basis of apportionment
Trustee Expenses	-136136	type of cost
Accountancy Fees	400400	type of cost
	536536
9.Analysis of staff costs
		Year Ended Year Ended
		31 March 31 March
		20212020

13.Creditors: amounts falling due withinone year
	2021		2020
	£		£
Creditors		131	622
Short-term compensated absences (holiday pay)
Other creditors and accruals		480	480
Deferred income
Taxation and social security costs
		611	1,102
14.Deferredincome
Deferred income comprises grants received for periods after the year end.
Balance as at 1 April 2020
Amount released to income earned from charitable activities
Amount deferred in year
Balance at 31 March 2021

	Balance at I Incoming Resources Balance at 31
	April 2020 Resources Expended Transfers March 2021
	£ £ £ £ £
General Fund	6,8741,997 (3,847)-5,024
Designated Fund	750 -750
	7,6241,997 (3,847)-5,774
Previous reporting period
	Balance at I Incoming Resources Balance at 31
	April 2019 Resources Expended Transfers March 2020
	£ £ £ £ £
General Fund	10,6955,440 (9,261) 6,874
Designated Fund	750 - 750
	11,4455,440 (9,261)-7,624

Analysis ofmovementsin restricted funds
	Balance at I Incoming Resources	Balance at 31
	April 2020 Resources Expended Transfers	March 2021
	£ £ £ £	£
National Lottery	46,042 (6,616)	39,426
National Lottery Together Project	- 70,000 (66,045)	3,955
Paul Hamlyn Foundation	9,358 - -	9,358
	9,358 116,042 (72,661)	52,739
Previous reporting period
	Balance at I Incoming Resources	Balance at 31
	April 2019 Resources Expended Transfers	March 2020
	£ £ £ £	£
Paul Hamlyn Foundation	9,358 -	9,358
	9,358 - -	9,358

	Unrestricted	Designated	Restricted
	funds	funds	funds	Total2021
	£	£	£	£
Tangible fixed assets	1	-		1
Cash at bank and in hand	(1306)	750	50,474	49,918
Other net current assets/(liabilities)	6.329	-	2,265	8,594
Total	5,024	750	52,739	58,513
Previous reporting period
	Unrestricted	Designated	Restricted
	funds	funds	funds	Total 2020
	£	£	£	£
Tangible fixed assets	1	-		1
Cash at bank and in hand	89	750	9,358	10,197
Other net current assets/(liabilities)	6,784	-		6,784
Total	6,874	750	9,358	16,982

	Year Ended	Year Ended
	31 March	31 March
	2021	2020
Net movement in funds	£	£
Add back depreciation	41,531	(3,821)
Deduct investment income
Deduct gains/add back losses on investments
Decrease/(increase) in debtors	(1,319)	1,091
increase/(decrease) in creditors	(491)	(630)
Net cash usedin operating activities
	39,721	(3,360)

	Year Ended	Year Ended
	31st March	31st March
	2021	2020
	£	£
Income
Donations	1,480	25
Restricted grants:
National Lottery	46,042
National Lottery Together Project	70,000
Training and general income	517	5,250
Other		165
Total Income	118,039	5,440
Expenditure
AQA and Accreditation		1,552
Associates and young advisors	67,719	2,600
Management Fees	5,400
Travel & Volunteer Expenses	79	108
Bad Debts	517	(147)
Subscriptions	355	364
Telephone and internet	8	108
Rent		2,700
Insurance	1,534	850
Governance and support	536	796
Post, Printing & Stationery	360	330
Depreciation		-
Total expenditure	76,508	9,261
Surplus/(deficit) for year	41,531	(3,821)