REGISTERED COMPANY NUMBER:06458849 (England & Wales) REGISTERED CHARITY NUMBER: 1123204
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021 for Oxford Young Steps
Ahmad & Co Accountants Conway House Old Road Headington Oxford OX3 8SZ
Oxford Young Steps
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 9 |
| Detailed Statement of Financial Activities | 10 |
Oxford Young Steps
Report of the Trustees for the Year Ended 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company Number
06458849 (England and Wales)
Registered Charity Number
1123204
Registered Office
Independent Examiner
Ahmad & Co Accountants Conway House Old Road Headington Oxford OX3 8SZ
OYS House 102 Wytham Street Oxford OX1 4TW
Trustees
Lawrence Shama Mrs A Gurdass N Gurdass M Lal R A Kumar Ms S Sarbon
Company Secretary
L Shama
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
New trustees are appointed by the existing trustees. The new trustee is generally only selected on the basis of his or her known support for the aims of the charity.
Induction and training of new trustees
The induction and training of new trustees involves making them aware of their responsibilities, the governing document and the administrative procedures of the charity
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
Oxford Young Steps
Report of the Trustees for the Year Ended 31 December 2021
OBJECTIVES AND ACTIVITIES
Objectives and Aims
The objects of the charity are the promotion of community participation in healthy recreation by the provision of facilities for playing sports including but not limited to basketball and football. It aims to develop the capacity and skills of those who are socially and economically disadvantaged in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.
The charity seeks to help young and old people through the provision of recreational clubs and leisure time activities provided in the interest of social welfare designed to improve conditions of their lives and providing support and activities which further develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
ACHEIVEMENT AND PERFORMANCE
Charitable Activities
The performance of the charity was satisfactory throughout the year. Numerous activities took place including :-
India UK Youth exchange Oxford Bible Church (Youth) Leisure Activities Camp OYS Update Conference. OYS Christmas Dinner Celebrations.
Donations have continued to be made to OYS Jeevan Jyot Society to fund the building of the orphanage and youth work in India.
FINANCIAL REVIEW
Total incoming resources amounted to £28,890 Total resources expended were £26,025 , and this has resulted in a Profit for the year of £2,865 .
Donations of £11,344 have been made to OYS Jeevan Jyot Society, a charity registered in India. The work undertaken by the charity includes the building of an orphanage and hospital in India.
Reserves Policy
It is the policy of the charity to aim to maintain unrestricted funds at a level which equates to at least 12 months unrestricted expenditure.
FUTURE DEVELOPMENTS
The charity plans on holding a number of fund raising activities so that they are able to continue making donations to India and supporting youth club in the UK. The charity plans to attend conferences to raise awareness of the work it is doing both in the UK and in India.
Page 2
Oxford Young Steps
Report of the Trustees for the Year Ended 31 December 2021
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Oxford Young Steps for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE BOARD:
Lawrence Shama - Trustee
18th July 2022
Page 3
Independent Examiner's Report to the Trustees of Oxford Young Steps
I report on the accounts for the year ended 31 December 2021 set out on pages five to nine.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) 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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
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 you as 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 statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material aspect, the requirements
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to keep accounting records in accordance with section 389 and 387 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Naeem Ahmad Ahmad & Co Conway House Old Road Headington Oxford OX3 8SZ
18th July 2022
Page 4
Oxford Young Steps
Statement of Financial Activities for the Year ended 31 December 2021
| INCOMING RESOURCES Note Voluntary income 2 Investment income 3 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of generating funds: Costs of generating voluntary income Charitable activities Youth events Governance costs TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Total Funds 31.12.2021 £ 28,890 - 28,890 11,344 10,640 4,042 26,025 2,865 7,423 10,288 |
Total Funds 31.12.2020 £ 27,101 - |
|---|---|---|
| 27,101 11,188 10,539 3,653 |
||
| 25,380 | ||
| 1,721 6,989 |
||
| 8,710 |
The notes form part of these financial statements
Page 5
Oxford Young Steps
Balance Sheet At 31 December 2021
| FIXED ASSETS Note Tangible assets 7 CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one yea 8 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 9 TOTAL FUNDS |
2021 £ 2,323 8,066 101 7,965 10,288 10,288 10,288 10,288 |
2020 £ 2,640 6,738 119 |
|---|---|---|
| 6,619 | ||
| 7,423 | ||
| 7,423 | ||
| 7,423 | ||
| 7,423 |
The charitable company is entitled to exemption form audit under Section 377 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006.
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Boards of Trustees on 18th July 2022 and were signed on its behalf by:
Lawrence Shama - Trustee
The notes form part of these financial statements
Page 6
Oxford Young Steps
Notes to the Financial Statements for the Year ended 31 December 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Sports Equipment | - 25% Reducing Balance |
|---|---|
| Musical Equipment | - 25% Reducing Balance |
| Computer Equipment | - 20% Reducing Balance |
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire Purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. VOLUNTARY INCOME
Donations
Voluntary income totalled £28,890
3. INVESTMENT INCOME
Deposit account interest
0 0
Page 7
Oxford Young Steps
Notes to the Financial Statements - continued for the Year ended 31 December 2021
4. NET INCOMING/(OUTGOING) RESOURCES
| net resources are stated after changing/(crediting): Depreciation - owned assets 5. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' expenses There were no trustees' paid for the year ended 31st December 2021 6. STAFF COSTS Wages and salaries The average monthly number of employees during the year was as follows: |
2021 £ 691 6,500 6,500 0 |
2020 £ 863 |
|---|---|---|
| 6,500 | ||
| 6,500 | ||
| 0 |
No employees received emoluments in excess of £60,000.
7. TANGIBLE FIXED ASSETS
| COST At 1 January 2021 Additions As 31 December 2021 DEPRECIATION At 1 January 2021 Charge for the year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Sports Musical Computer Total Equipments Equipment Equipment £ £ £ £ 500 1,350 1,040 2,890 850 950 1076 2876 |
|---|---|
| 1,350 2,300 2,116 5,766 |
|
| 591 1,294 867 2,752 190 252 250 691 |
|
| 781 1,545 1,117 3,443 |
|
| 569 755 999 2,323 |
|
| 682 906 1,052 2,640 |
Page 8
Oxford Young Steps
Notes to the Financial Statements - continued for the Year ended 31 December 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|
| 2021 £ Social security and other taxes 78 Accrued expenses 23 101 9. MOVEMENT IN FUNDS 01.01.2021 Net movement in funds Unrestricted funds £ £ General fund 7,423 2,865 TOTAL FUNDS 7,423 2,865 Net movement in funds, included in the above are as follows: Incoming Resources resources expended Unrestricted funds £ £ General fund 28,890 26,025 TOTAL FUNDS 28,890 26,025 |
2020 £ 92 27 |
| 119 | |
| 31.12.2021 £ 10,288 |
|
| 10,288 | |
| Movement in funds £ 2,865 |
|
| 2,865 |
Page 9
Oxford Young Steps
Detailed Statement of Financial Activities for the Year ended 31 December 2021
| INCOMING RESOURCES Voluntary income Donations Investment income Deposit account interest Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Donations to OYS Jeevan Jyot Society Charitable activities Trustees' salaries Hall hire Youth events Refreshments Travelling Governance costs Accountancy Post and stationary Computer costs Bank charges Phone and internet Repairs and Renewals Sundry Expenses Depreciation of Sport Equipments Depreciation of Musical Equipments Depreciation of Computer Equipment Total resources expended Net (expenditure)/income |
2021 £ 28,890 - 28,890 11,344 6,500 1,247 1,263 1,073 557 10,640 750 226 298 268 683 497 629 190 252 250 4,042 26,025 2,865 |
2020 £ 27,101 - |
|---|---|---|
| 27,101 11,188 6,500 1,217 1,232 1,047 543 |
||
| 10,539 750 182 240 182 551 401 507 228 302 310 |
||
| 3,653 | ||
| 25,380 | ||
| 1,721 |
These page does not form part of the statutory financial statements
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