YOUTH AID COUNCIL
Charlty No. 1154347
Trustees. Report and Unaudited Accounts
20 December 2024

YOUTH AID COUNCIL
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
2to6
Balance Sheet
Statement of Cash flows
16
Notes to the Accounts
IOto15
Detailed Statement of Financial Activities
17to18
Page I

YOUTH AID COUNCIL
Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended
20 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1154347
Principal Office
241-251 Ferndale Road, Unit 203
London
SW9 8BJ
Trustees
The following trustees served during the year:
K.C. Adiko
B. Degbedji
M.F. Diomande
V.A. Sangare
Accountants
Chessons Accountant
Office 201,
Access self Storage
3 Stanton way
London
SE26 5FU
OBJEcfivES AND AcllviTIES
One of the primary purposes of Youth Aid Council is to help prevent or relieve extreme poverty or financial
hardshipof young people in need.
This is done by providing or assisting in the provision of education, training and healthcare projects and
schemes and all necessary support to individuals.
The support of Youth Aid Council is designed to enable individuals to generate a sustainable income in order
to be self-sufficient in their communities.
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YOUTH AID COUNCIL
Trustees Annual Report
Our Vision.
To end hunger and poverty in the United Kingdom
Our Mission
Our mission is to bring communities together and help bring an end to hunger and poverty in the UK by
providing compassionate, practical help with dignity whilst challenging injustice.
To provide disable children families with as much free services as possible. We are the link between these
families and the organisations instrumental in improving the qualrty of life for disabled children.
Our Goals
Young people can access support in their local community or online. Young people are motivated, self-aware,
receptive, resilient. responsible, confident and good communicators.
Young people can engage with training, volunteering and employment.
We strive for more food for everyone. Put an end to poverty in United Kingdom.
We seek avenues for as much help as we can provide to the disabled.
ACHIEVEMENTS AND PERFORMANCE
Achievement and performance
Our outdoor activities apprenticeship continues to be a great success. This year we changed our approach
because of the cost of living. We run the programme to better integrate it into the activities team and
number of our apprentices who completed the programme were successfully employed by 21 Business In
permanent roles on completion of their course.
We also hosted several work experience opportunities, including some students, giving young people the
opportunity to shadow staff, develop their employability and life skills, and gain a greater understanding of
how a national business and charity operates.
Remote lessons
We work with children and family to support them with their education and their social wellbeing.
We guide them so that they can become responsible citizen and participate posttively in their community
when times ar challenging {cost of living).
Food Bank
The Foodbank Initiative was launched in 2016. The number of people fed by Foodbank has greatly increased
from 958 in 2017, to 6,500 in 2022 because of the Cost of Living. The Foodbank also undertook several
supermarket collections (Tesco and Cooperatives,
-) In 2023, we collected a total of 55258kg,in 2024,we
collect 75259 Kg . Further donations from Supermarkets, Fareshares businesses, individuals and charities,
added a further 55,250kg, taking the total forthe yearto 130,509 kg of food hampers distributed to the
needy in our local venue.
We provide emergency food, seven days a week because of the cost of living, and pratical SUPPDrt to help
people cope in a crisis, as well as giving advice and signposting to other agencies able to sofve the
longer-term problem.
We are still hoping to secure funding for Foodbank because of living cost crisis. We have in our waiting liste
more than 145 hundred young people and family who need help because the cost of living .
Homeless
We Started our together Mutual support Group with 45 youth and bythe end of July, we reached 65 youth.
We delivered 36 sessions, ran weekly meetings and workshops. The sessions helped us to reduce isolations
and we can also see sign5 of improved self-confidence.
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YOUTH AID COUNCIL
Trustees Annual Report
Care for the Disabled
We provided free services to 71 disabled children families. We gave online advice and guidance to 65
families.
After School
We ran a 12 months after-school course in the boroughs of Lambeth and Lewisham . We helped 96 young
people with their school homework every Saturday.
Employment Program
Our employment program aims at helping people with their CVS, cover letter, interviews and job experience.
Throughout the year, we were able to get 78 youths into employment to help them meet the Cost of Living
crisis.
Leadership skills
We run leadership workshop for 7 months, to teach 78 Young people148 from Lambeth Borough and 18
young people Southwark 12 from the Lewisham Borough) to become responsible citizens and role models in
their communities.
Youth Sport:
youth Sport project engaged 25 disadvantaged youths in activities aimed at empowering them, building up
their self-esteem and teamwork abilities. We were able to refer twelve youths to various football teams
where they are currently hoping for professional levels.
Black Community Day
Youth Aid Council has organised one sessions of Health promotion for people in the Black Community in
Brixton and Lewisham, which was a search for reaction regarding the approach to health issues suitable in
the area (Lambeth Borough and lewisham).
Cost of living
The management team has taken a robust approach to the cost of living crisis to ensure our office remain
open for the young people and family.
We provide the daily help (electricity ,gas and water bills)
As a frontline provider to some of the most vulnerable young people affected by the impact of the cost of
living crisis, Youth Aid Council has taken optimal advantage of a range of new funding opportunities available
during the crisis in the form of grants from both statutory and philanthropic funders, who have
acknowledged the critical role organisations such as Youth Aid Council have and will continue to play as the
broader impact of the crisis in the economy becomes clearer. We anticipate higher demand for our services
over the coming months and years because of the impact of the crisis.
Regarding non-financial risks, the charity has robust policies and procedures in pla￿, which are reviewed and
updated annually. These are relevant to all our staff and readily available by way of printed documents held
at each centre and soft copies held on our server.
The charity's key non-financial risk is the safety and wellbeing of those it is caring for and the staff. To
mitigate this risk, a comprehensive set of policies and procedures have been put in place and are included in
the staff handbook glven to all, on joining Youth Aid Council. These are constantly monitored to ensure that
the safety and wellbeing of the staff is upheld. Copies of the handbook are also held by each volunteers and
soft copies are available to the staff and trustees.
FINANCIAL REVIEW
The charity has been able to secure funding to enable it to meet its objectives for at least a year from the
date of approval of this report.
The charity had income for the year is £86,831.42
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YOUTH AID COUNCIL
Trustees Annual Report
RESERVE POLICY:
The charity aims to hold £24,750.00 in reserve for contingencies such as fund foryouth projects, family
support, disabled and food bank in case of insufficient funds and in case of sudden withdrawal of funding
Risk management
The trustees have considered and reviewed the key risks to which the charity is exposed.
Cost of living
The management team have taken a robust approach to the cost of living crisis to ensure our office remain
open for the young people and family.
We provide the daily help {electricity,gas and water bills)
As a frontline provider to some of the most vulnerable young people affected by the impact of the cost of
living crisis, Youth Aid Council has taken optimal advantage of a range of new funding opportunities available
during the crisis in the form of grants from both statutory and philanthropic funder5, who have
acknowledged the critical role organisations such as Youth Aid Council have and will continue to play as the
broader impact of the crisis in the economy becomes clearer. We anticipate higher demand for our services
over the coming months and years because of the impact of the crisis.
Regarding non-financial risks, the charity has robust policies and procedures in place, which are reviewed and
updated annually. These are relevant to all our staff and readily available by way of printed documents held
at each centre and soft copies held on our server.
The charity's key non-financial risk is the safety and wellbeing of those it is caring for, the staff. To mitigate
this risk a comprehensive set of policies and procedures have been put in place and are included in the staff
handbook given to all staff on joining Youth Aid Council. These are constantly monitored to ensure that the
safety and wellbeing of the staff is upheld. Copies of the handbook are also held at each volunteers and soft
copies are available to the staff and trustees
EXTERNAL RISK..
The significant external risk is that of funding. The management committee has developed a reserve policy to
address any sudden wrthdrawal of core funding and we are seeking to increase our reserves in future years.
INTERNAL RISK:
Internal risk is minimised by the implementation of procedures for authorisation of all transactions and
projects and to ensure consistent quality of service for all operational asperts of the charitable company.
These procedures are kept under constant review by the management committee to ensure they continue to
meet the needs of the charity
PLANS FOR FUTURE PERIODS
In the coming year, Youth Aid Council will pursue its activities, and continue to strive to get more funding for
Food Bank, employment program, and disability. We want to have a youth center for youth training and for
Food Bank.
We are hoping to secure funding ft)r this and trusting that our donors will continue to support our actrvities.
STRucfuRE, GOVERNANCE AND MANAGEMENT
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YOUTH AID COUNCIL
Trustees Annual Report
Youth Aid Council is a C l O and twstees are selected by appointment only. The trustees are responsible for
overseeing the charit￿5 activities and deciding how the funds are spent. The day to day running of the
charity is left to the Senior Managing Officer of the Charity who works in collaboration with administrative
staffs, volunteers and people on placement for academic and work experience reasons.
Name of Senior Executive Manager: Bruno Degbedji
Name of current trustees:
Mrs Marko Fatou Diomande
Miss Vanessa Aicha Sangare
Mr Komlan Charles Adiko
Mr Bruno Degbedji
Administrative Information
The charity is situated at 104 Sydenham Road, London SE26 5JX
Statement of trustees. responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally
Accepted Accounting Practice}.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the chartty and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustee5 are also responsible for safeguarding the assets of the charity and
hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
B. Degbedji
Trustee
20 December 2024
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YOUTH AID COUNCIL
Independent Examiners Report
Independent Examiner's Report to the trustees of YOUTH AID COUNCIL
I report to the trustees on my examination of the financial statements of YOUTH AID COUNCIL for the year
ended 20 December 2024.
Responsibilltles and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charitie5 Act 2011 ('the Act'}.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515)Ib) of the Art.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those record5; or
• the financial statements do not comply with the applicable requirements concerning the form and
content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the financial statements give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Andrew Nwabueze ACCA
Chessons Accountant
Office 201,
Access self Storage
3 Stanton way
London
SE26 5FU
20 December 2024
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YOUTH AID COUNCIL
ststement of Financial Actlvitles
for the year ended 20 December 2024
Unrestrlcted
funds Total fvnds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
86,832
86,832
51,642
Total
86,832
86,832
51,642
Expenditure on:
Raising funds
Charitable activities
Other
7,650
55,040
23,131
7,650
55,040
23,131
2,650
30,440
17,483
Total
85,821
85,821
50,573
Net gains on investments
Net Income
I,oii
I,oii
1,069
Transfers between funds
Net Income before other
gainslllosses)
I,oii
I,oii
1,069
Other galns and losses
Net movement In funds
I,oii
I,oii
1,069
Reconciliatlon of funds:
Total funds brought forward
(2,4241
11424)
(3,4931
Total funds carried forward
(1,4131
{1,413)
(2,4241
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YOUTH AID COUNCIL
Balance Sheet
at 20 De￿rnber 2024
Charity No. 1154347
2024
2023
Current assets
Stocks
Cash at bank and in hand
5,634
739
6,373
6,373
4,637
1,949
6,586
6,586
Net current assets
Total assets less current liabllitles
6,373
6,586
Creditors.. Amounts falling due after more than one year
Net Ilabilities excluding penslon asset or liablllty
Total net Ilabilities
(7,786)
{1.413)
{9,010)
(2,424}
{1,4131
(2,424)
The funds of the charity
Restricted funds
Unrestrfcted funds
General funds
io
io
11,413)
(1,413)
(2,424)
12,4241
Reserves
io
Total funds
11,413)
(2,424)
Approved by the trustees on 20 December 2024
And signed on their behalf by".
B. Degbedji
Trustee
20 December 2024
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YOUTH AID COUNCIL
Notes to the Accounts
for the year ended 20 December 2024
l Accountlng policies
Basis of preparatlon
The financial statements have been prepared in accordance with 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 rf Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting standard applicable in the United Kingdom and Republic of Ireland IFRS 102} and the
Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accountlng
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities {SoFA) when the charity
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
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the 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 seniices
These are only included in incorne (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/llosses) on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed atthe end of the year.
assets
Gains/llossesl on
investment assets
This includes any gain or loss on the sale of investments.
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YOUTH AID COUNCIL
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the 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 of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
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.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from tax on its charitable activities.
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments WFth original maturities of three months or le55 and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilitles.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured atthe transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
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YOUTH AID COUNCIL
Notes to the Accounts
Research and development
Expenditure on research and development is wrtien off in the year in which it is incurred.
Forelgn currencles
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period,
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualrfying assets, in which case they are
capitali5ed in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line bas15.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the charity pays fixed contributions into a separate entity. Once the
contributions have been paid the charty has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
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YOUTH AID COUNCIL
Notes to the Accounts
2 Statement of Finandal Activitles - prior year
Unrestricted
funds Total funds
2023
2023
Income and endowments from:
Donations and legacies
Total
51,642
51,642
51,642
51,642
Expenditure on:
Raising funds
Charitable activities
2,650
30,440
17,483
2,650
30,440
17,483
Other
Total
50,573
50,573
Net Income
1,069
1,069
Net Income before other
galns/(losses)
Other gains and losses:
Net movement in funds
1.069
1,069
1,069
1,069
Reconclllation ol funds:
Total funds brought forward
Totsl funds carrled forward
{3,493)
12,424}
13,493}
(2,424)
3 Income from donations and legacies
Unrestrlrted
Total
Total
2024
2023
Fundraising and donations
Gift Aids
Members and Trustees
Contribution
75,451
6,050
75,451
6,050
43,452
4,245
2,881
2,881
1,845
Grant
2,450
86,832
2,450
86,832
2,100
51,642
4 Expenditure on raising funds
Unrestrfcted
Total
Total
2023
2024
Fundroising trading costs
7,650
7,650
7,650
7,650
2,650
2,650
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YOUTH AID COUNCIL
Notes to the Accounts
5 Expenditure on charltable actlvities
Unrestricted
Total
Total
2024
2023
Expenditure on choritable
activities
55,040
55,040
30,440
Governance costs
55,040
55,040
30,440
6 Other expenditure
Unrestricted
Total
2024
Total
2023
Employee costs
Motor and travel costs
7,250
3,745
7,450
4,136
550
7,250
3,745
7,450
4,136
550
4,250
1,745
7,450
3,488
550
Premises costs
General administrative costs
Legal and professional costs
23,131
23,131
17,483
7 Staff costs
2024
2023
Salaries and wages
7,250
7,250
4,250
4,250
No employee received emoluments in excess of £60,000.
8 Stocks
2024
2023
Raw materials and consumables
5,634
5,634
4,637
4,637
Carrying value analysed by activities
2024
2023
5,634
5,634
4,637
4,637
9 Creditors:
amounts falling due after more than one year
2024
2023
Bank loans and overdrafts
7,786
7,786
9,010
9,010
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YOUTH AID COUNCIL
Notes to the Accounts
10 Movement in funds
Incoming
resources
(including
At21
other
December gainsllosses
2023
Resources
expended
At20
December
2024
Restricted funds:
Unrestricted funds:
General funds
(2,424)
86,832
(85,821)
{1,4131
Total funds
11 Analysis of net assets between funds
(2,424)
86,832
185,821)
(1,413)
Unrestricted
funds
Total
Net current assets
Creditors due in more than one year and
provisions
6,373
6,373
17,786)
(7,786)
(1,413)
{1,4131
12 Reconcillatlon of net debt
At21
At20
December
De￿mber
2023
Cash flows
2024
Cash and cash equivalents
1,949
1,949
(1,210)
{1,210)
739
739
Bank loans
{9,010}
(9,010)
1,224
1,224
(7,786)
{7,786}
Net debt
{7,0611
14
17,047)
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YOUTH AID COUNCIL
Statement of Cash flows
for the year ended 20 December 2024
2024
2023
Cash flows from operatlng activities
Net Income per Statement of Financial Artivitles
I,oii
1,069
Adjustments for:
Increase in stocks
1997)
12,057)
Net cash provided by/(used in) operating artlvities
14
{9881
Net cash from investing activities
Cash flows from financing actlvltles
Repayment of borrowings
(1,224)
1301)
Net cash used In financing actlvltles
(1,224)
{3011
Net decrease In cash and cash equivalents
(1,210)
(1,289)
Cash and cash equlvalents at the beginning of the year
1,949
3,238
Cash and cash equivalents at the end of the year
739
1,949
Components of cash and cash equlvalents
Cash and bank balances
739
1,949
739
1,949
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YOUTH AID COUNCIL
Detalled Statement of Financial Artivities
for the year ended 20 December 2024
Unrestricted
funds Total funds
2024
2024
Total funds
2023
Income and endowments from:
Donations and legacies
Fundraising and donations
Gift Aids
75,451
6,050
75,451
6,050
43,452
4,245
Members and Trustees
Contribution
Grant
2,881
2,881
1,845
2,450
86,832
2,450
86,832
2,100
51,642
Total income and endowments
86,832
86,832
51,642
Expenditure on:
Costs of other trading activities
7,650
7,650
7,650
7,650
2,650
2,650
Total of expenditure on ralsing
funds
7,650
7,650
2,650
Charitable activities
55,040
55,040
55,040
55,040
30,440
30,440
Total of expenditure on charitable
actlvlties
55,040
55,040
30,440
Employee costs
Salaries/wages
7,250
7,250
7,250
7,250
4,250
4,250
Motor and travel costs
Fares
3,745
3,745
3,745
3,745
1,745
1,745
Premises costs
Rent
7,450
7,450
7,450
7,450
7,450
7,450
General administrative costs,
including depreciation and
amortisation
Postage and couriers
Software, IT support and related
costs
Telephone, fax and broadband
550
550
355
3,100
3,100
2,750
486
383
4,136
4,136
3,488
Legal and professional costs
Accountancy and bookkeeping
550
550
550
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YOUTH AID COUNCIL
Detailed Statement of Flnancial Actlvities
550
550
550
Total of expenditure of other costs
Total expendlture
Net gains on investments
23,131
23,131
17,483
85,821
85,821
50,573
Net income
I,oii
I,oii
1,069
Net income before other
galns/(losses)
Other Gains
I,oii
I,oii
1,069
Net movement In funds
I,oii
I,oii
1,069
ReconcFllatlon of funds:
Total funds brought forward
(2.424)
(2,424)
{3,4931
Total funds carrled forward
(1,413)
11,413)
{2,4241
Page 18