CORNERSTONE Youth-Link
Cornerstone Youth Link Stevenage - Accounts for financial year ending 31st August 2023
| STATEMENT OF FINANCIAL ACTIVITIES 1 September 2022 to 31st August 2023 Notes Unrestricted funds Restricted funds Total funds £ £ £ Incoming Resources Donations, gifts and grants 2 120.00 15,311.00 15,431.00 Other income 3 1,605.43 19,048.04 20,653.47 Total income 1,725.43 34,359.04 36,084.47 Resources expended Charitable Expenditure Grants Payable 4 0.00 14,940.08 14,940.08 Other costs 5 1,207.00 1,142.70 2,349.70 Total outgoings 1,207.00 16,082.78 17,289.78 NET MOVEMENT IN FUNDS 518.43 18,276.26 18,794.69 Fund balance brought forward 01/09/2022 602.38 1,618.85 2,221.23 Fund balance carried forward 31/08/2023 1,120.81 19,895.11 21,015.92 |
01/09/2021 to 31/08/2022 All funds £ 9,495.00 2,280.30 11,775.30 4,155.20 10,332.55 14,487.75 -2,712.45 6,426.19 01/09/2021 3,713.74 31/08/2022 |
|---|---|
BALANCE SHEET AT 31st August 2023
| Assets and Liabilities | Notes | ||
|---|---|---|---|
| FIXED ASSETS CURRENT ASSETS Debtors Bank and Cash |
6 7 |
£0.00 £1,787.50 £19,228.42 |
|
| CURRENT LIABILITIES Creditors due within one year |
8 | £21,015.92 £0.00 |
|
| NET ASSETS | £21,015.92 | ||
| CHARITABLE FUNDS Unrestricted funds Restricted |
£1,120.81 £19,895.11 |
||
| £21,015.92 |
Approved by the Trustees on 15 February 2024 and signed on behalf of Cornerstone by:
Andrew Hills - Trustee John Hollands - Treasurer
Peter Homfray-Cooper - Trustee
Notes to the Accounts
Year ended 31 August 2023
1 ACCOUNTING POLICIES
a) Basis of Preparation
Cornerstone account Sep 2022 to Aug 2023 for Companies House
These financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP 2005) and the Financial Reporting Standards for Smaller Entities.
b) Donations
Donations are accounted for when received by Cornerstone.
c) Investment Income
Investment income is included in the accounts in the year when it is payable.
d) Grants Payable
Cornerstone primarily makes grants to projects in Zimbabwe, but also to other organisations whose charitable objects complement Cornerstone's work. They are accounted for in the year in which they are paid.
| 2 3 4 5 6 **7 ** |
DONATIONS From individuals From corporate bodies From churches Receipts for flights to Kadoma OTHER INCOME Gift Aid Football subs and sign on fees Table Tennis subs Transfer of funds from Football account Transfer of funds from Unselfish Gestures account Transfers from other organisations Miscellaneous Total Income GRANTS PAYABLE Gifts to churches/charities Kadoma Grants Kurima/Faith Farm Grants Safeguarding Services CTIS Garage Pitch hire Transfer of funds Equipment/ kit washing Yellow/Red card fines Referees fees Table Tennis Hall Hire Table Tennis Affiliation Fees Table Tennis subs refund Travel costs Bank transfer charges Transfer to Kadoma Fund Total Outgoings DEBTORS Debtors Gifts Gift Aid BANK AND CASH Current Account - Lloyds TSB Cash in hand OTHER COSTS |
Unrestricted Restricted £ 120.00 £ 13,311.00 £ - £ 2,000.00 £ - £ - £ - £ - £ 120.00 £ 15,311.00 £ 30.03 3,327.74 £ £ - - £ £ 1,575.40 - £ £ - - £ £ - 1,085.70 £ £ - 14,634.60 £ £ - £ 1,605.43 £ 19,048.04 £ 1,725.43 £ 34,359.04 Unrestricted Restricted £ - £ - - £ £ 7,111.21 - £ £ 7,828.87 £ - £ 14,940.08 £ - £ 65.00 £ 143.52 £ - £ - £ - £ - £ - £ 897.48 £ 85.00 £ 16.00 £ - - £ £ - 57.00 £ £ - 1,085.70 £ £ 1,207.00 £ 1,142.70 1,207.00 £ 16,082.78 £ Unrestricted Restricted - £ £ 1,374.00 - £ £ 413.50 - £ 1,787.50 £ |
Total Sep 22-Aug 23 £ 13,431.00 £ 2,000.00 £ - £ - £ 15,431.00 £ 3,357.77 £ - £ 1,575.40 £ - £ 1,085.70 £ 14,634.60 £ - £ 20,653.47 £ 36,084.47 Total Sep 22-Aug 23 £ - £ 7,111.21 £ 7,828.87 £ 14,940.08 £ - £ 65.00 £ 143.52 £ - £ - £ - £ - £ - £ 897.48 £ 85.00 £ 16.00 £ - £ 57.00 £ 1,085.70 £ 2,349.70 17,289.78 £ Sep 22-Aug 23 £ 1,374.00 £ 413.50 1,787.50 £ £ 16,984.42 £ 2,244.00 £ 19,228.42 |
Sep 21 - Aug 22 1,995.00 - - 7,500.00 9,495.00 615.21 612.00 715.33 177.76 - 160.00 2,280.30 11,775.30 Sep 21 - Aug 22 0.00 4,155.20 0.00 4,155.20 129.00 65.00 140.40 306.08 177.76 198.16 59.00 120.00 567.15 125.00 - 8,445.00 - - 10,332.55 14,487.75 £ Sep 21 - Aug 22 1,551.25 1,551.25 2,056.38 113.60 2,169.98 |
|---|---|---|---|---|
Cornerstone account Sep 2022 to Aug 2023 for Companies House
8 CREDITORS
| Creditors due within 1 year Gift aid claimed in error |
Unrestricted Restricted Total £ - £ - - £ £ - - £ £ - £ - £ - |
Sep 21 - Aug 22 1,500.00 - - 1,500.00 - |
|---|---|---|
9 RESTRICTED FUNDS
This includes income from fund raising and donations and gifts which are specifically given for Cornerstone's link with Kadoma in Zimbabwe. This income is specifically used to fund projects in Zimbabwe.
10 TRUSTEES EXPENSES
There were no trustees expenses and there were no other transactions with trustees.
11 INDEPENDENT EXAMINERS FEES
None
Cornerstone account Sep 2022 to Aug 2023 for Companies House