Registered Charity Number 1145573 Registered Company Number 07751145 ## YOPEY Report and Accounts For The Year Ended 31 August 2022 ## **YOPEY** ## **The report of the trustees for the year ended 31 August 2022** ## **Introduction** The trustees present their annual report and accounts for the period ended **31 August 2022.** The board of trustees is satisfied with the performance of the charity during the year and the position at **31 August 2022** and consider that the charity is in a position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations. ## **Name, registered office and constitution of the charity** The full name of the charity is **YOPEY.** The legal registration details are :- _Date of incorporation_ 24/08/2011 _Company Registration Number_ 07751145 _The Registered Office is_ Woodfarm Cottage Bury Road; Stradishall; CB8 8YN _Charity Registration Number_ 1145573 1 ## **YOPEY** ## **The report of the trustees for the year ended 31 August 2022** ## **Objectives and Activities of the Charity** ## _**A summary of the objectives as set out in its governing document and its activities in the financial year 2021-22.**_ The Charity's Objects are the advancement of good citizenship through the recognition of young people as positive role models in society, by the establishment and administration of a programme of awards for young people and the provision of grants or loans, and other supporting activities. The objects are deliberately generic and have enabled us to move from Young People of the Year awards to concentrate on YOPEY Dementia Befriender (YDB). Like Young People of the Year, YDB involves getting positive publicity for young people. During the pandemic YOPEY Befrienders could not visit care homes so we ‘pivoted’ and set up Virtual YOPEY Befriender where young people wrote letters and made activities that YOPEY shared with care homes digitally. By the end of the pandemic we were supporting 2,000 care homes virtually. As we came out of the pandemic, the charity decided to return to in-home visits in the East of England but also to continue to support care homes virtually throughout the UK. The two strands became known as Visiting YOPEY Befriender and Virtual YOPEY Befriender and both have faced challenges. We have succeeded in establishing three YDB schemes in Ipswich, Great Yarmouth and Huntingdon but we could be doing more. Tony Gearing MBE, Founder and Chief Executive, reports that, post pandemic, it is taking longer to set up new schemes. During our 2021-22 financial year, fundraising continued to be difficult, partly because we still did not want to compete with pandemic front line charities for funds. However, Mercers paid the final year of its 3-year grant and we received donations from the Hutchinson Charity Foundation and Oak Foundation that enabled us go back into Visiting YOPEY Befriender. Released from lockdowns young people are less keen to write letters and make activities for elderly people. (They have a lot to catch up on.) So it maybe that Virtual YOPEY Befriender will have finished by the time our next annual accounts are due, but we hope not. 2 ## **YOPEY** ## **The report of the trustees for the year ended 31 August 2022** ## _**Transactions and Financial position**_ The financial statements are set out on **pages 5 to 10.** The financial statements have been prepared by implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory. The Statement of Financial Activities show net outgoings for the year of a revenue nature of **£23,999.** The total reserves at the year end stand at **£62,709.** ## _**Share Capital**_ The company is limited by guarantee and therefore has no share capital ## **The members of the Board of Trustees of the Charity during the year ended 31 August 2022 were :-** J.G. Gearing T.S. Abbott J. Galazka G.J. McLaven R.E. Sheppard P. Ewing (appointed 3 March 2022) All the directors of the company are also trustees of the charity, and their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Acts. The directors are all members of the charity ## **Independent Examiner** V. du Preez Chartered Accountant BM 6885 London WC1N 3XX 3 YOPEY The report of the trustees for the year ended 31 August 2022 Statemenl of Dlrectors. and Trustees. Responslbllltles The Charities Acl and the Compan*s Act require the Board of Trust¢as to prepare financial statements for 8ach financial year %￿l¢h give a Irue and fair view of the stste of affairs of the ¢harity as at the end of Ihe financial year and of the surplus or defic4t of the tharity. In preparing those finanaal statements the Board is required to :_ select suitsble accounting policies and then appty them consislenltr. make judgements and estimates that are reasonalje and prudent.. and p￿pare the finanual stslements on the going conc8m basis unless it is inappropriate to presume that the Chanty will continue in busin8s$. State whether applicable accounting standards and statements of mmended practice have been follwd. subj'ect lo any mal6ri departures disclosed and explained in th6 finanrial statements: The Trustees are also raSpon￿ble for malntalning adequate aco)unting records which disclose wlh reasonable a¢¢uracy al any lime the financial positi￿ of the charity and which are sufficient to show and explain the charitys transactton$ and enable them lo ensure that the financial ststements comply ￿￿th the Compan￿$ Act 2006 and comply with regulations made under the Charitles Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventlon and dele¢ti¢)n of fraud and other 1r￿guI8ntI9$. The tru81ee8 are also rnspOnsit￿e for the Contents of the trustees, report. and the responsibility of the independent examiner In relation to the trustees, r8POrt 1$ bimiled to examining the report and ensuring that. on the face of the report. there are no Inconslglencles the figures disclosed in the finanaal statements. Method of proparatlon of accounts These accounts have boen prepared In ac¢ordanc6 y￿th the provislon$ applicable to CoMpan￿S subAect to the Small companles reglme. Th18 rnport was approved by the board of Irust••s on 7 February 2023. J.G. Gearlng Dirèdor ## **YOPEY** ## **Report of the independent examiner to the members of YOPEY** I have examined the attached accounts of the YOPEY charity for the year ended 31 August 2022. 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 members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the members of the charity have not met the requirements to ensure that: - proper accounting records are kept; and - accounts are prepared which agree with the accounting records and comply with generally accepted accounting standards; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Vivian du Preez ACA BM6885 London WC1N 3XX Date: 6 February 2023 5 ## **YOPEY** ## **Statement of Financial Activities for the year ended 31 August 2022** |**Notes**
**Incoming resources**
**_Incoming resources from generated funds_**
Voluntary Income
Activities for generating funds
**Total incoming resources**
**_Governance costs_**
**_Costs of charitable activities_**
**Total resources expended**
**Net outgoing resources**
**before transfers between funds**
**Net outgoing resources before**
**Other recognised gains and losses**
**Other recognised gains and losses**
**Net movement in funds**
**Reconciliation of funds**
**_Total funds brought forward_**
**Total Funds carried forward**|**Unrestricted Restricted**
**Total**
**Last Year**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
3,861
51,400
55,261
55,586
14
-
14
82
**3,875**
**51,400**
**55,275**
**55,668**
1,799
5,393
7,192
6,508
18,023
54,234
72,257
74,678
19,822
59,627
79,449
81,186
(15,947)
(8,227)
(24,174)
(25,518)| |---|---| ||(15,947)
(8,227)
(24,174)
(25,518)| ||| ||(15,947)
(8,227)
(24,174)
(25,518)
77,724
8,984
86,708
112,226
**61,777**
**757**
**62,534**
**86,708**| The net movement in funds referred to above is the net incoming resources as defined in the SORP and is reconciled to the total funds as shown in the Balance Sheet on **page 9** as required by the SORP. **All activities derive from continuing operations** **The notes on pages 8 to 10 form an integral part of these accounts.** 6 ## **YOPEY** ## **Statement of Financial Activities for the year ended 31 August 2022** ## **Income and Expenditure Account as required by the Companies Act for the year ended 31 August 2022** |||**2022**||**2021**|| |---|---|---|---|---|---| |||**£**||**£**|| |**Turnover**||55,275||55,668|| |Direct costs of turnover||72,257||74,678|| |**Gross deficit**||(16,982)||(19,010)|| |Governance costs||7,192||6,508|| |**Deficit for the financial year**||(24,174)||(25,518)|| |Gift Aid Payments||-||-|| |**Retained deficit for the financial year**||(24,174)||(25,518)|| |**All activities derive from continuing operations**|||||| |**The notes on pages 8 to 10 form an integral part of these accounts.**|||||| |**Statement of Total Recognised Gains and Losses**|||||| |**for the year ended 31 August 2022**|||||| ||||**2022**||| |Excess of income over expenditure before realisation of assets|||(24,174)||| |Profit per Profit and Loss account|||(24,174)||| |Grants for the acquisition of fixed assets|||-||| |**Net Movement in funds before taxation**|||(24,174)||| |**Movements in revenue and capital funds**|||||| |**for the year ended 31 August 2022**|||||| |**Revenue accumulated funds**||**Unrestricted **|**Restricted**|**Total**|**Last year**| |||**Funds**|**Funds**|**Funds**|**Total Funds**| |||**2022**|**2022**|**2022**|**2021**| |||**£**|**£**|**£**|**£**| |Accumulated funds brought forward||77,724|8,984|86,708|112,226| |Recognised gains and losses before transfers||(15,947)|(8,227)|(24,174)|(25,518)| |||61,777|757|62,534|86,708| |**Closing revenue accumulated funds**||61,777|757|62,534|86,708| |**The notes on pages 8 to 10 form an integral part of these accounts.**|||||| |**Summary of funds**|**Designated **|**Unrestricted **|**Restricted**|**Total**|**Last Year**| ||**Funds**|**Funds**|**Funds**|**Funds**|**Total Funds**| ||**2022**|**2022**|**2022**|**2022**|**2021**| |Revenue accumulated funds|-|61,777|757|62,534|86,708| **The notes on pages 8 to 10 form an integral part of these accounts.** 7 YOPEY Company Nurn￿r Balance Sheet as at 31 August 2022 07751145 2022 2021 Flx•d •8¥•ts- •qulpm•nt 4,329 Less.. Accumulat￿ dfjprgoa Brought f0Th￿r￿ Provided in the year N&t tK)ok v8lu& 2.2￿) 558 1,610 1.672 2,039 Current aM•t• Cash at bank arKI in h￿d 74.746 97.114 Cr8dltors:. amounts duo vAthln year N•t ¢urnt aM•t* {13.8841 112.4451 60,862 84,669 Tot•1 •ss•ts l•¥¥ ¢urtwJt Il•bllltl•$ 62.$34 88.708 Not a•s•ts 62.534 86,708 Th funds olth• ¢h•rty.' Unr••trlct•d In¢om• fvnd¥ Unrestricled revensje acc*Jmulat•J fuThJ$ Total unrostrfct•d funds 61,n7 77,724 R•8trfct•d Incom• funds Rostnctgd r¢vgnuo 8¢cumulal•J luTh18 757 Total ro8trlct•d funds 757 8.984 Total charfty funds 82,534 86.708 For the year 8nd￿g 31 August 2022, th• ¢(￿portY entbtknj lo exempt*Ji frcTh 8LKAI uTrJgr 8ethion 477 01 the Companies A¢t 2CQ6 relating lo Sm￿1 cijmpanies. The members h8vo not foquif8(I Ihe corwy lo obtsin an aL*Jit of ts o(%wnts for t￿ ￿81 in questson in acCO￿ance ￿ s&¢kn.￿ 476. The dir8Ctors aCkn¢￿Ied99 thwr resw)sibilitieS for COry￿ng th¥ w4uirotrnnts of the th respect to acccyjnting re￿r￿S al￿ Ihe preparatiC￿ of acc(￿nts. Thes6 accounts h8vg t4eA prepared in èCCOTdanc8 with the provi4k￿$ 8ppli¢8U• to cOryan￿9 subjecl to the small compan￿. r&aimo. earfng Trust•• Approv￿ by the board oftru*t••8 on 7 F*lwu•ry 2023 Th• note• <¥n pag•s 8 to 10 farni an Int•grnl ￿rt ofth•8• accouni* **YOPEY Notes to the Accounts for the year ended 31 August 2022** ## **1 Accounting policies** ## _**Basis of preparation of the accounts**_ These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP. The charity has taken advantage of the exemption in the FRSSE from the requirement to produce a cash flow statement. ## _**Incoming Resources**_ Incoming resources are accounted for on a receivable basis. ## _**Taxation**_ As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. 9 **YOPEY** **Notes to the Accounts for the year ended 31 August 2022** ## **2 Winding up or dissolution of the charity** If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. ## **3 Trustees' remuneration** None of the trustees have received any remuneration, either in the current year or the prior year. A gross salary of £61,893 (£64,695 in 2021) has been paid to Mr A.S. Gearing, the founder of the charity and the only employee of the charity as its chief executive. Mr A.S. Gearing is the spouse of one of the trustees, Mrs J.G. Gearing. |**4**
**Creditors: amounts falling due within one year**
Amounts due to associated or subsidiary undertakings
Accrued expenses
PAYE and NI
VAT|**2022**
**£**
18,266
755
(4,990)
(147)
13,884|**2021**
**£**
16,778
702
(4,882)
(153)| |---|---|---| |||12,445| |**5**|**Particulars of Individual**|**Funds and analysis**|**of assets and**|**liabilities representing funds**|**liabilities representing funds**| |---|---|---|---|---|---| ||**At 31 August 2022**|**Unrestricted**|**Designated**|**Restricted**|**Total**| |||**funds**|**funds**|**funds**|**Funds**| |||**£**|**£**|**£**|**£**| ||Fixed assets|1,672|||1,672| ||Current Assets|73,989|-|757|74,746| ||Current Liabilities|(13,884)|-|-|(13,884)| |||61,777|-|757|62,534| 10 **YOPEY** ## **Notes to the Accounts for the year ended 31 August 2022** ## **6 Share Capital** The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding ten pounds as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter. There are 6 members of the company. 11 ## **YOPEY Schedule to the Statement of Financial Activities for the year ended 31 August 2022** ## **Status of this schedule to the Statement of Financial Activities** This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities. |**Unrestricted **|**Restricted**|**Total**| |---|---|---| |**Funds**|**Funds**|**Funds**| |**2022**|**2022**|**2022**| |**£**|**£**|**£**| ## **Incoming Resources** ## **Incoming Resources from generated funds** ## **Non government and non public bodies** ## **Incoming resources of a revenue nature - grants, donations and legacies** |Donations and Grants received
**Total**
**Total Grants,Legacies & Donations Received**
**Total Voluntary Income**
Interest received
**Total of activities for generating funds**
**Total Incoming Resources**
**Charitable expenditure**
**_Support costs of charitable activities_**
**_Direct support costs_**
Gross wages and salaries - charitable activities
Employers' NI - Charitable activities
**_Management and administration costs_**
**_in support of charitable activities_**
**_Indirect employee costs_**
Training and welfare
Travel and subsistence
Motor expenses
Entertaining|3,861
51,400
**55,261**| |---|---| ||**3,861**
**51,400**

**55,261**| ||**3,861**
**51,400**
**55,261**| ||**3,861**
**51,400**
**55,261**| ||14
-
**14**| ||**14**
**-**
**14**| ||**3,875**
**51,400**
**55,275**| ||15,473
46,420
61,893
1,992
5,975
7,967| ||**17,465**
**52,395**
**69,860**| ||6
16
22
52
155
207
169
506
675
362
1,085
1,447| ||**589**
**1,762**
**2,351**| 12 ## **YOPEY Schedule to the Statement of Financial Activities for the year ended 31 August 2022** ## **Status of this schedule to the Statement of Financial Activities** This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities. |**_Premises Costs_**
Rent payable
Insurance
**_General administrative expenses:_**
Telephone and fax
Postage
Stationery and printing
Information and publications
Software
Repairs and maintenance
Publicity for the charity, not YDBs
Bank charges
**_Professional fees in support of charitable activities_**
Accountancy fees other than examiners/auditors
Legal fees
**_Other support costs_**
Depreciation of assets used for charitable purposes
YOPEY award function costs
**Total Support costs**
**Governance costs**|**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
210
630
840
187
560
747| |---|---| ||**397**
**1,190.00**
**1,587**| ||199
597
796
6
20
26
55
163
218
31
93
124
87
261
348
39
118
157
6
20
26
9
26
35| ||**432**
**1,298**
**1,730**| ||375
1,123
1,498
6
20
26| ||**381**
**1,143**
**1,524**| ||558
-
558
-
1,839
1,839| ||**558**
**1,839**
**2,397**| ||| ||**19,822**
**59,627**
**79,449**| ||| ||**1,799**
**5,393**
**7,192**| 13