2022-03-31-accounts - Positive Youth For The Community

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Charity Number 1122881

POSITIVE YOUTH FOR THE COMMUNITY FINANCIAL STATEMENTS

31 MARCH 2022

POSITIVE YOUTH FOR THE COMMUNITY FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

CONTENTS	PAGE
Trustees and professional advisers	1
Trustees Annual Report	2-3
Statement of Trustees responsibilities	4
Independent examiner's report to the trustees	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8-9

POSITIVE YOUTH FOR THE COMMUNITY

TRUSTEES AND PROFESSIONAL ADVISERS

Registered charity name	Positive Youth for the Community
Charity number	1122881
Principal office	Basement Flat
	10
	ClaptonTerrace
	London E5 9BW
Trustees	Y Feldman
	A Y Lemberger
	I Admoni
Independent examiner	Js&Co Accountants Ltd
	26 Theydon Road
	London
	E5 9NA
Bankers	CAF Bank

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POSITIVE YOUTH FOR THE COMMUNITY

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of trustees and professional advisors on page 1 of the financial statements.

THE TRUSTEES

The trustees who served the company during the period were as follows:

Y Feldman

A Y Lemberger

I Admoni

There is no chief executive officer nor any other staff employed in the charity. The day to day affairs are undertaken by My Y Feldman on behalf of the trustees. All major decisions are taken collectively by the trustees.

The trustees are volunteers and details of any related party transactions are disclosed as applicable in the notes to the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Positive Youth for the Community was registered with the charity commission on the 19 February 2008 under charity number 1122881.

Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.

Risk review

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.

OBJECTIVES AND ACTIVITIES

The main objectives and activities of Refreshing Minds is:

a) To provide education and further training for the youth
b) To provide a culturally safe environment for youth to play and enjoy in.
c) To build upon the skills of the young, allowing for them to have greater, more lucrative opportunities for high achieving professional career roles.
d) To provide vocational skills as an outlet for negative and pent up emotions allowing for a safer and more contented community.
e) The prevention or relief of poverty

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POSITIVE YOUTH FOR THE COMMUNITY

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

. Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit .

ACHIEVEMENTS AND PERFORMANCE

The trustees are satisfied with the charities performance for its 1[st] year being active.

FUTURE PLANS

The charity hopes to expand its activities.

Reserves policy

The Unrestricted Fund represents the unrestricted funds arising from past operating results The Trustees are satisfied that the balance of the Fund is an acceptable level of reserves given the nature of revenue receipts against the expenses payable.

Signed on behalf of the trustees

Trustee

Basement Flat 10 Clapton Terrace London E5 9BW

17[th] January 2022

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POSITIVE YOUTH FOR THE COMMUNITY STATEMENT OF TRUSTEES RESPONSIBILITIES

YEAR ENDED 31 MARCH 2022

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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POSITIVE YOUTH FOR THE COMMUNITY

INDEPENDENT EXAMINERS REPORT

YEAR ENDED 31 MARCH 2022

I report on the accounts of the charity for the year ended 31 March 2022 set out on pages 7 to 10.

Respective Responsibilities of Trustees and Independent Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Act;
to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and
state whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

a) which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with Section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Js&Co Accountant Ltd 26 Theydon Road London E5 9NA

17th January 2022

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POSITIVE YOUTH FOR THE COMMUNITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes INCOMING RESOURCES Incoming resources from generated funds 3 Donations and Grants Total Incoming resources RESOURCES EXPENDED Direct charitable activities 4 Other 5 Total resources expended NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2022 2022 Unrestricted funds Total Funds £ £ 95,686 95,686	2021 Total Funds £ 36,251 36,251 30,259 514 30,773 5,478 0
	95,686 95,686 99,270 99,270 4,932 4,932
	104,202 104,202 -8,516 -8,516 5,478 5,478
	-3,038 -3,038
		5,478

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POSITIVE YOUTH FOR THE COMMUNITY

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2022

Approved by the board of Trustees on: And signed on their behalf by: Notes CURRENT ASSETS: Cash at bank and in hand CREDITORS: amounts falling due within one year 7 Net Current assets/(liabilities) NET CURRENT ASSETS: FUNDS 8 Unrestricted funds TOTAL FUNDS	£ 3,333
	3,333 -6,371

Trustee

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POSITIVE YOUTH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2 TRUSTEES REMUNERATION AND BENEFITS

No trustee received remuneration, allowance for or reimbursement of expenses.

3 INCOMING RESOURCES FROM GENERATED FUNDS

Donations and Grants	Unrestricted Funds Total Funds 2022 Total Funds 2021 £ £ £ 95,686 95,686 36,251
	95,686 95,686 36,251

COSTS OF DIRECT CHARITABLE 5 ACTIVITIES

Grants Rent Wages	Unrestricted Funds Total Funds 2021 Total Funds 2021 £ £ £ 27,968 27,968 0 3,335 3,335 0 67,967 67,967 30,259
	99,270 99,270 30,259

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

POSITIVE YOUTH FOR THE COMMUNITY

Unrestricted Funds 96 570 71 560 2,635 1,000 0	Total Funds 2022 96 570 71 560 2,635 1,000 0	Total Funds 2021 8 504 0 0 0 0 2
4,932	4,932	514
At 1.4.2021 £ 5,478	2022 £ 570 5,801 6,371 Net movement in funds £ -8,516 -8,516 Resources expended £ 104,202 104,202	2021 £ 504 0
		504
		At 31.03.22 £ -3,038
5,478		-3,038
		Movement in funds £ -8,516
95,686		-8,516

8 TAXATION

Positive youth for the community is a registered charity and therefore is not liable to income tax or

corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

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