**REGISTERED COMPANY NUMBER:06458849 (England & Wales) REGISTERED CHARITY NUMBER: 1123204**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 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 2023**
||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 2023**
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 2023. 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 2023**
## **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 £39,172 Total resources expended were £34,660 , and this has resulted in a Profit for the year of £4,512 .
Donations of £14,842 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 2023**
## **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:
- select suitable accounting policies and then apply them consistently;
- observe methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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
17th May 2024
Page 3
**Independent Examiner's Report to the Trustees of Oxford Young Steps**
I report on the accounts for the year ended 31 December 2023 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:
- examine the accounts under section 145 of the 2011 Act
- 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
- 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:
- (1) which gives me reasonable cause to believe that, in any material aspect, the requirements
- to keep accounting records in accordance with section 389 and 387 of the Companies Act 2006; and
- 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
17th May 2024
Page 4
**Oxford Young Steps**
## **Statement of Financial Activities for the Year ended 31 December 2023**
|**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
31.12.2023
£
39,172
-
39,172
14,842
13,924
5,894
34,660
4,512
13,733
18,245|Total Funds
31.12.2022
£
34,440
-|
|---|---|---|
|||34,440
13,305
12,894
4,797|
|||30,996|
|||3,445
10,288|
|||13,733|
The notes form part of these financial statements
Page 5
**Oxford Young Steps**
## **Balance Sheet At 31 December 2023**
|**FIXED ASSETS**
**Note**
Tangible assets
**7**
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS:**
Amounts falling due within one year
**8**
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
**Unrestricted funds**
**9**
**TOTAL FUNDS**|2023
£
2,870
15,569
195
15,374
18,244
18,244
18,244
18,244|2022
£
2,044
11,823
135|
|---|---|---|
|||11,688|
|||13,732|
|||13,732|
|||13,732|
|||13,732|
The charitable company is entitled to exemption form audit under Section 377 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006.
- (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 17th May 2024 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 2023**
## **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 £39,172
## **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 2023**
## **4. NET INCOMING/(OUTGOING) RESOURCES**
net resources are stated after changing/(crediting):
|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 2023
**6. STAFF COSTS**
Wages and salaries
The average monthly number of employees during the year was as follows:|2023
£
904
8,650
8,650
0|2022
£
615|
|---|---|---|
|||8,650|
|||8,650|
|||0|
No employees received emoluments in excess of £60,000.
## **7. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2023
Additions
As 31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for the year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022|**Sports**
**Musical**
**Computer**
**Total**
**Equipment**
**Equipment**
**Equipment**
**£**
**£**
**£**
**£**
1,350
2,636
2,116
6,102
670
1060
0
1,730|
|---|---|
||2,020
3,696
2,116
7,832|
||923
1,818
1,317
4,058
274
470
160
904|
||1,197
2,288
1,477
4,962|
||823
1,409
639
2,870|
||427
818
799
2,044|
Page 8
## **Oxford Young Steps**
## **Notes to the Financial Statements - continued for the Year ended 31 December 2023**
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Social security and other taxes
Accrued expenses
**9. MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the
**Unrestricted funds**
General fund
**TOTAL FUNDS**|01.01.2023
£
13,732
13,732
above are as follows:
Incoming
resources
£
39,172
39,172|2023
£
142
53
195
Net movement
in funds
£
4,512
4,512
Resources
expended
£
34,660
34,660|2022
£
97
38|
|---|---|---|---|
||||135|
||||31.12.2023
£
18,244|
||||18,244|
||||Movement
in funds
£
4,512|
||||4,512|
Page 9
## **Oxford Young Steps**
|**Detailed Statement of Financial Activities**
**for the Year ended 31 December 2023**
2023
**INCOMING RESOURCES**
£
**Voluntary income**
39,172
Donations
**Investment income**
-
Deposit account interest
39,172
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
14,842
Donations to OYS Jeevan Jyot Society
**Charitable activities**
8,650
Trustees' salaries
1,304
Hall hire
1,562
Youth events
1,521
Refreshments
887
Travelling
13,924
**Governance costs**
750
Accountancy
402
Post and stationary
519
Computer costs
167
Bank charges
1,190
Phone and internet
866
Repairs and Renewals
1,095
Sundry Expenses
274
Depreciation of Sport Equipments
470
Depreciation of Musical Equipments
160
Depreciation of Computer Equipment
5,894
34,660
**Total resources expended**
4,512
Net (expenditure)/income|2022
£
34,440
-|
|---|---|
||34,440
13,305
8650
1278
1295
1100
571
12,894
750
298
393
354
902
656
830
142
273
200|
||4,797|
||30,996|
||3,444|
|||
These page does not form part of the statutory financial statements
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