## 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