| Legal and administrative | information | ||
|---|---|---|---|
| Trustees' annual report | 2-4 | ||
| Independent examiner's |
report | ||
| Statement offinandal | activities | ||
| Balance sheet | |||
| Notes tothe accounts | 8-10 |
| Unrestricted | Unresuicted | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Notes | 6 | E | ||||
| Income from: | ||||||
| Client income | 8,450 | 30,846 | ||||
| Donations (including transport |
donations) | 3,079 | 2,667 | |||
| 11429 | 33,513 | |||||
| Expenditure on: |
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| Staff salaries | 2 | 4,741 | ||||
| Other staff cosw induding | training | 43 | ||||
| Rent | 4,500 | 6,650 | ||||
| Food Purchases | 2,303 | 2,920 | ||||
| Activity and excursion costs | 848 | 6,832 | ||||
| Vehide running costs | 1,438 | |||||
| volunteer travel expenses |
19 | |||||
| Trustee travel expenses | 824 | |||||
| Equipment | 175 | |||||
| Repairs, renewals and maintenance |
632 | |||||
| Kitchen ILcleaning | 26 | |||||
| Pdnting, postage grstationery |
17 | 60 | ||||
| Legal gr Professional | 89 | 230 | ||||
| Independent examination/accountancy |
fees | 360 | 534 | |||
| Insumnce | 483 | 462 | ||||
| Other costs | 284 | 87 | ||||
| Depreciation | 121 | |||||
| 16~ | 18,644 | |||||
| Net income/(expenditure) | (AS) | 14,869 | ||||
| Total funds brought forward | 82,158 | 67,289 | ||||
| Total funds carded forward | 77,653 | 82,158 | ||||
| Ag income and expenditure | for | the current and prior year was unrestdcted. |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | 6 | 8 | ||
| Tangible fixed assets | 4 | 2,779 | ||
| Current Assets | ||||
| Ba(ance at bank and | in cash | 50,838 | 56507 | |
| Debtors | 27,407 | 27,100 | ||
| Total current assets | 78+45 | 83,607 | ||
| Creditors: amounts | falling due within one year | (3,371) | (1,449) | |
| Net culrellt assets | 74,874 | 82,158 | ||
| Total assets less current liabilities | 77,653 | 82,158 | ||
| Creditors: amounts | falling due after one year | |||
| Total net assets | ||||
| Represented By |
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| FUNDS | ||||
| Unrestricted income fund |
77,653 | 82,158 | ||
| 77,653 | 82,158 |
| 1 | Accounting Policies |
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|---|---|---|
| (a) | General | |
| Sheifield Gty Knights project is a chariitable incorporation organisation. Inthe event that the charity iswound up, the liabilily in reaped of |
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| the guarantee is Enil per member of the charity. The prindple address is given in the charily information on |
page 1ofthese financial | |
| stninlilents. | ||
| The accounts (finanaal statements) have been prepared in amordance with the mlevant version of the Statement of Recommended |
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| Practice applicable to charities preparing their acmunts in accordance with the Finandal Reporting Standard |
applicable in the UK and |
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| Republic of Ireland (FRS102)and the Financial Reporbng Standard applicable in the United Kingdom and Republic ofIreland (FRS102)and |
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| the Charities Act 2011and UK Generally Accepted Acmuntlng Pracfice. The aomunts (finandal statements) have |
been prepared to jive a | |
| 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only tothe extent required to provide a |
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| 'true and fair view'. This departure has involved following the relevant version ofthe Statement of Remmmended Practice applicable to |
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| charinies preparing their acmunts in accordance with the Financial Reporting standard applicable in the UK and |
Republic of Ireland (FRs |
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| 102)rather than the Acmunting and Reporting by Charities: Statement of Recommended Practice effecbve from 1Apriil 200S which has |
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| since been withdrawn. | ||
| The financial statements have taken advantage ofthe exemption to prepare aStatement ofCash Flows. |
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| The charily meets the definition ofa public benefit entity as defined under FRS102.The finanda statements are presented in sterling which |
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| isthe functional currencii ofthe*arity. |
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| (b) | Revenue ramgnition | |
| Income is recognised when the charity has entitlement to the funds, any perFormance iunditions attached to the item(s) of income have |
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| been met, it isprobable that the income will be received and the amount can be measured reliably. |
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| Donations are recognised on a receivable basis. |
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| Event income isrecognised in the period in which the event took place. |
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| (c) | Expenditwe and irreuwerable yAT |
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| Expenditure is mmgnised once them is a legal ormnstructive obligabon to make a payment to a third party, it is |
probable that settlement | |
| will be required and the amount ofthe obligation can be measured reliably. |
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| Irremvera hie VAT ischarged as amst against the adivity for which the expenditure was incurred. |
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| (dj | Tangible fixed assets that |
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| Ag items ofcapital expenditure below ESDDare wrimen olfas incurred. |
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| Individual fixed assets mating ESDD or more are capitalised at cost and are depreciated over their estimated useful economic lives on a |
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| suaight line basis as fogows: |
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| Motor vehides 4years suaight line |
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| (e) | Cash and cash eqimmtents eridenm |
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| Cash and cash equivalents compriise cash on hand and call deposits, and other short-term highly liquid Investments that are rmdily |
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| convertible toa known amount ofcash and are subject to an insignificant nsk ofchange In value. |
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| (fj | Trade debtom | |
| Trade debtors are amounts due from customers for merchandise sold orservices performed in the ordinary murse |
ofbusiness. | |
| Trade debtors are recognised initially at the transaction priice. They are subsequently measured at amortised |
mst using the effective | |
| interest method, lem provision for impairment. A provision for the impairment of trade debtors is established th company will not be able tocollect ag amounts due acconling tothe original terms ofreceivables. |
when there is objective | |
| (g) | Trade credffom | |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary coume of |
business from supplier. |
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| Accounts payable are dassified as current liabiliifiies ifthe charity does not have an uncondifional riight, atthe end ofthe reporting period, to defer settlement ofthe creditor forat least twelve months after the reporting date. Ifthere isan unmnditional right todefer settlement for |
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| at least twelve months after the reporting date, they are presented as noncurrent liabilities. |
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| Trade creditors are recognised initially atthe transaction priice and subsequently measured at amortised cost using the effective interest |
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| method. | ||
| (h) | Taxation | |
| As a charity, Sheffield Gly Knights project is exempt from tax on income and gains falling within the available tax exempbons tothe extent that these are applied to itscharitable objects. No taxcharges have arisen in the charity. |
| Analysis of | staff costs, trustee remmeration | and expenses. and the costofkey management | pemonnel | |
| Gross salary | 4,614 | |||
| Employer s | Nl | |||
| Employer's | agowance | (SSS) | ||
| Employer's | pension | 127 | ||
| 4,741 |
| 2021 | |||||
|---|---|---|---|---|---|
| 4 | |||||
| Gient debtors | 8,469 | 4,600 | |||
| Prepayments | 18,900 | 22,500 | |||
| Other debtors | 22 | ||||
| 27,100 | |||||
| 6 | Creditors: anmunts | falgng due within one year | |||
| Arxruals | 1298 | 1,449 | |||
| Taxes and social | security | 133 | |||
| Other creditors | |||||
| Income received | in | advance | 1,200 | ||
| 3371 | 1,449 |