| Pages | ||
|---|---|---|
| Trustees' Annual Report |
2to 6 | |
| Independent Examiner's |
Report | |
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Statement ofCash flows | 10 | |
| Notes to the Accounts | 11to 16 | |
| Detailed Statement of Financial Activities | 17to |
| for the year ended 20 Decem | ber 2020 | |||
|---|---|---|---|---|
| Unrestricte | ||||
| d funds | Total funds | Total funds | ||
| 2020 | 2020 | 2019 | ||
| Notes | f | E | ||
| Income and endowments | ||||
| from: | ||||
| Donations and legacies |
47,967 | 47,967 | 57,722 | |
| Total | 47,967 | 47,967 | 57,722 | |
| Expenditure on: |
||||
| Raising funds | 4,550 | 4,550 | 7,412 | |
| Charitable activities |
39,825 | 39,825 | 29,452 | |
| Other | 15,312 | 15,312 | 16,728 | |
| Total | 59,687 | 59,687 | 53,592 | |
| Net gains on investments | ||||
| Net (expenditure)/income | (11,720) | (11,720) | 4,130 | |
| Transfers between funds |
||||
| Net (expenditure)/income before other gains/(losses) |
(11,720) | (11,720) | 4,130 | |
| Other gains and losses | ||||
| Net movement in funds |
(11,720) | (11,720) | 4,130 | |
| Reconciliation offunds: |
||||
| Total funds brought forward |
13,188 | 13,188 | 9,058 | |
| Total funds carried forward | 1,468 | 1,468 | 13,188 |
| YOUTH AID COUNCIL Balance Sheet at 20 December 2020 |
YOUTH AID COUNCIL Balance Sheet at 20 December 2020 |
YOUTH AID COUNCIL Balance Sheet at 20 December 2020 |
|||
|---|---|---|---|---|---|
| Charity No. 1154347 | 2020 | 2019 | |||
| 8 | E | ||||
| Current assets | |||||
| Stocks | 8,033 | ||||
| Cash at bank and | in hand | 15,245 | 5,155 | ||
| 15,245 | 13,188 | ||||
| Creditors: Amount | falling due within one year | 9 | (2,777) | ||
| Net current assets | 12,468 | 13,188 | |||
| Total assets less current liabilities | 12,468 | 13,188 | |||
| Creditors: Amounts | falling due after more than one year | 10 | (11,000) | ||
| Net assets excluding | pension asset or liability | 1,468 | 13,188 | ||
| Total net assets | 1,468 | 13,188 | |||
| The funds ofthe charity | |||||
| Restricted funds | |||||
| Unrestricted funds |
|||||
| General funds | 1,468 | 13,188 | |||
| 1,468 | 13,188 | ||||
| Reserves | |||||
| Total funds | 1,468 | 13,188 | |||
| Approved by the trustees on 20 December 2020 |
|||||
| And signed on their | behalf by:@ | ||||
| B.Degbedji | |||||
| Trustee | |||||
| 20 December 2020 |
| 2020 | 2019 | |
|---|---|---|
| f | f | |
| Cash flows from operating activities |
||
| Net (expenditure)/income per Statement ofFinancial Activities |
(11,720) | 4,130 |
| Adjustments for: |
||
| Decrease/(Increase) in stocks |
8,033 | (8,033) |
| Increase in trade and other payables | 2.777 | |
| Net cash used in operating activities |
(910) | (3,903) |
| Net cash from investing activities |
||
| Cash flows from financing activities |
||
| Repayment of borrowings |
11,000 | |
| Net cash from financing activities |
11,000 | |
| Net increase/(decrease) in cash and cash equivalents |
10,090 | (3,903) |
| Cash and cash equivalents atthe beginning ofthe year |
5,155 | 9,058 |
| Cash and cash equivalents atthe end ofthe year |
15,245 | 5,155 |
| Components ofcash and cash equivalents |
||
| Cash and bank balances | 15,245 | 5,155 |
| 15,245 | 5,155 |
| Fund accounting | Fund accounting | Fund accounting | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | These are available for use at the discretion ofthe trustees | in furtherance | ofthe | ||||||
| general objects ofthe charity. | ||||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular | purposes. | ||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | ||||||
| restatement ofinvestment assets at their market values. |
||||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor | or | through | |||||
| terms ofan appeal. | ||||||||||
| Income | ||||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | |||||
| income | becomes entitled to, and virtually certain to receive, the |
income and the amount of | ||||||||
| the income can be measured with sufficient reliability. |
||||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | ||||||
| expenditure | reported gross in the SoFA. |
|||||||||
| Donations | and | Voluntary income received by way ofgrants, donations and gifts is included |
in | the | ||||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | ||||||||
| entitlement tothe income. |
||||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the same time as the |
||||||||
| donations | and gifts | gift/donation to which it relates. |
||||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
|||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | |||||||
| material. | ||||||||||
| Volunteer | help | The value of any volunteer help received is not included |
in | the accounts. | ||||||
| Investment | income | This is included in the accounts when receivable. |
||||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market value |
|||||||||
| revaluation | offixed | at the end ofthe year. | ||||||||
| assets | ||||||||||
| Gains/(losses) on |
This includes any gain or loss on the sale of investments. |
|||||||||
| investment | assets |
| Expenditure | Expenditure | |||||||
|---|---|---|---|---|---|---|---|---|
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure includes |
any VAT | which | ||||
| expenditure | cannot be fully recovered, and is reported as part ofthe expenditure |
to which | it | |||||
| relates. | ||||||||
| Expenditure | on | These comprise the costs associated with attracting |
voluntary | income, fundraising | ||||
| raising funds | trading costs and investment management costs. |
|||||||
| Expenditure | on | These comprise the costs incurred by the Charity in the delivery ofits |
activities | and | ||||
| charitable | activities | services in the furtherance ofits objects, including |
the making | of | grants and | |||
| governance costs. |
||||||||
| Grants payable | All grant expenditure is accounted for on an actual |
paid basis | plus | an | accrual for | |||
| grants that have been approved by the trustees at the end of |
the | year but not | yet | |||||
| paid. | ||||||||
| Governance | costs | These include those costs associated with meeting | the constitutional | and statutory | ||||
| requirements ofthe Charity, including any audit/independent |
examination fees, |
|||||||
| costs linked tothe strategic management ofthe Charity, together |
with a share | of | ||||||
| other administration costs. |
||||||||
| Other expenditure | These are support costs not allocated to a particular | activity. |
| 2 | Statement | ofF | inancial | Activities - prior year | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | ||||||||
| funds | Total funds | |||||||
| 2019 | 2019 | |||||||
| Income and endowments | from: | |||||||
| Donations | and | legacies | 57,722 | 57,722 | ||||
| Total | 57,722 | 57,722 | ||||||
| Expenditure on: |
||||||||
| Raising funds | 7,412 | 7,412 | ||||||
| Charitable | activities | 29,452 | 29,452 | |||||
| Other | 16,728 | 16,728 | ||||||
| Total | 53,592 | 53,592 | ||||||
| Net | income | 4,130 | 4,130 | |||||
| Net income before gains/(losses) |
other | 4,130 | 4,130 | |||||
| Other gains and losses: | ||||||||
| Net | movement | in funds | 4,130 | 4,130 | ||||
| Reconciliation | offunds: | |||||||
| Total funds brought | forward | 9,058 | 9,058 | |||||
| Total funds carried | forward | 13,188 | 13,188 | |||||
| 3 | Income from donations | and legacies | ||||||
| Unrestricted | Total | Total | ||||||
| 2020 | 2019 | |||||||
| f | ||||||||
| Fundraising | and | donations | 32,151 | 32,151 | 38,718 | |||
| Gift Aids | 9,681 | 9,681 | 9,875 | |||||
| Members and Trustees Contribution |
1,135 | 1,135 | 9,129 | |||||
| Covid 19Government | Grant | 5,000 | 5,000 | |||||
| 47,967 | 47,967 | 57,722 | ||||||
| 4 | Expenditure on |
raising | funds | |||||
| Unrestricted | Total | Total | ||||||
| 2020 | 2019 | |||||||
| Fundraising | trading costs | |||||||
| 4,550 | 4,550 | 7,412 | ||||||
| 4,550 | 4,550 | 7,412 |
| Unrestricted | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||
| Expenditure | on | charitable | ||||||||
| activities | ||||||||||
| 39,825 | 39,825 | 29,452 | ||||||||
| Governance | costs | |||||||||
| 39,825 | 39,825 | 29,452 | ||||||||
| 6 | Other expenditure | |||||||||
| Unrestricted | Total | Total | ||||||||
| 2020 | 2019 | |||||||||
| Employee | costs | 6,500 | 6,500 | 9,172 | ||||||
| Motor and travel costs | 750 | 750 | ||||||||
| Premises | costs | 4,928 | 4,928 | 4,550 | ||||||
| General administrative | costs | 2,584 | 2,584 | 2,256 | ||||||
| Legal and | professional | costs | 550 | 550 | 750 | |||||
| 15,312 | 15,312 | 16,728 | ||||||||
| 7 | Staff costs | |||||||||
| Salaries and | wages | 6,500 | 7,115 | |||||||
| 6,500 | 7,115 | |||||||||
| No employee | received | emoluments | in excess off60,000. | |||||||
| 8 | Stocks | |||||||||
| 2020 | 2019 | |||||||||
| f | ||||||||||
| Raw materials | and consumables | 8,033 | ||||||||
| 8,033 | ||||||||||
| Carrying value |
analysed | by activities | 2020 | 2019 | ||||||
| f | ||||||||||
| 8,033 | ||||||||||
| 8,033 | ||||||||||
| 9 | Creditors: | |||||||||
| amounts | falling | due within one year | ||||||||
| 2020 | 2019 | |||||||||
| f | f | |||||||||
| Loans from trustees | 2,777 | |||||||||
| 2,777 |
| amounts | falling due after more | falling due after more | falling due after more | falling due after more | than one year | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||
| Bank loans | and overdrafts | 11,000 | ||||||||
| 11,000 | ||||||||||
| 11 | Movement | in | funds | |||||||
| Incoming | ||||||||||
| resources | ||||||||||
| At 20 | ||||||||||
| At21 | (including other |
Resources expended |
December 2020 |
|||||||
| December | gains/losses | |||||||||
| 2019 | ) | |||||||||
| 6 | ||||||||||
| Restricted funds: | ||||||||||
| Unrestricted | funds: | |||||||||
| General funds | 13,188 | 47,967 | (59,687) | 1,468 | ||||||
| Revaluation | Reserves: | |||||||||
| Total funds | 13,188 | 47,967 | (59,687) | 1,468 | ||||||
| 12 | Analysis | of | net assets between | funds | ||||||
| Unrestricted | Restricted | |||||||||
| Total | ||||||||||
| funds | funds | |||||||||
| f | ||||||||||
| Net current | assets | 15,245 | (2,777) | 12,468 | ||||||
| Creditors provisions |
due | in more than one | year and | (11,000) | (11,000) | |||||
| 4,245 | (2,777) | 1,468 | ||||||||
| 13 | Reconciliation | ofnet debt | ||||||||
| At 21 | New | At 20 | ||||||||
| December | HP/Finance | December | ||||||||
| 2019 | Cash flows | leases | 2020 | |||||||
| f | f | f | 6 | |||||||
| Cash and | cash | equivalents | 5,155 | 10,090 | 15,245 | |||||
| 5,155 | 10,090 | 15,245 | ||||||||
| Bank loans | (11,000) | (11,000) | ||||||||
| (11,000) | (11,000) | |||||||||
| Net debt | 5,155 | (910) | 4,245 |
| for the year ended 2 | 0 | Dec | ember 2020 | |||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| 2020 | 2020 | 2019 | ||||
| f | f | f | ||||
| Income and endowments | from: | |||||
| Donations and legacies |
||||||
| Fundraising and donations |
32,151 | 32,151 | 38,718 | |||
| Gift Aids | 9,681 | 9,681 | 9,875 | |||
| Members and Trustees Contribution |
1,135 | 1,135 | 9,129 | |||
| Covid 19Government | Grant | 5,000 | 5,000 | |||
| 47,967 | 47,967 | 57,722 | ||||
| Total income and endowments | 47,967 | 47,967 | 57,722 | |||
| Expenditure on: |
||||||
| Costs ofother trading | activities | |||||
| 4,550 | 4,550 | 7,412 | ||||
| 4,550 | 4,550 | 7,412 | ||||
| Total ofexpenditure funds |
on | raising | 4,550 | 4,550 | 7,412 | |
| Charitable activities |
||||||
| 39,825 | 39,825 | 29,452 | ||||
| 39,825 | 39,825 | 29,452 | ||||
| Total ofexpenditure activities |
on | charitable | 39,825 | 39,825 | 29,452 | |
| Employee costs | ||||||
| Salaries/wages | 6,500 | 6,500 | 7,115 | |||
| Staff training | 2,057 | |||||
| 6,500 | 6,500 | 9,172 | ||||
| Motor and travel costs | ||||||
| Fares | 750 | 750 | ||||
| 750 | 750 | |||||
| Premises costs | ||||||
| Rent | 4,928 | 4,928 | 4,550 | |||
| 4,928 | 4,928 | 4,550 | ||||
| General administrative | costs, | |||||
| including depreciation |
and | |||||
| amortisation | ||||||
| Software, ITsupport cos'ts |
and | related | 1,350 | 1,350 | 1,506 | |
| Sundry expenses | 850 | 850 | 250 | |||
| Telephone, fax and |
broadband | 384 | 384 | 500 | ||
| 2,584 | 2,584 | 2,256 | ||||
| Legal and professional | costs |
| Detailed Statement ofFinancial Activit | Detailed Statement ofFinancial Activit | ies | |||
|---|---|---|---|---|---|
| Accountancy and bookkeeping |
550 | 550 | 550 | ||
| Consultancy fees |
200 | ||||
| 550 | 550 | 750 | |||
| Total ofexpenditure ofother costs |
15,312 | 15,312 | 16,728 | ||
| Total expenditure | 59,687 | 59,687 | 53,592 | ||
| Net gains on investments | |||||
| Net (expenditure)/income | (11,720) | (11,720) | 4,130 | ||
| Net (expenditure)/income other gains/(losses) |
before | (11,720) | (11,720) | 4,130 | |
| Other Gains | |||||
| Net movement in funds |
(11,720) | (11,720) | 4,130 | ||
| Reconciliation offunds: |
|||||
| Total funds brought forward |
13,188 | 13,188 | 9,058 | ||
| Total funds carried forward | 1,468 | 1,468 | 13,188 |