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|Legal and administrative||information||
|---|---|---|---|
|Trustees' annual report|||2-4|
|Independent<br>examiner's||report||
|Statement offinandal|activities|||
|Balance sheet||||
|Notes tothe accounts|||8-10|





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||||||Unrestricted|Unresuicted|
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||Notes|6|E|
|Income from:|||||||
|Client income|||||8,450|30,846|
|Donations<br>(including transport||donations)|||3,079|2,667|
||||||11429|33,513|
|Expenditure<br>on:|||||||
|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<br>travel expenses||||||19|
|Trustee travel expenses||||||824|
|Equipment|||||175||
|Repairs, renewals<br>and maintenance|||||632||
|Kitchen ILcleaning||||||26|
|Pdnting, postage<br>grstationery|||||17|60|
|Legal gr Professional|||||89|230|
|Independent<br>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<br>By|||||
|FUNDS|||||
|Unrestricted<br>income fund|||77,653|82,158|
||||77,653|82,158|





|1|Accounting<br>Policies||
|---|---|---|
|(a)|General||
||Sheifield Gty Knights project is a chariitable<br>incorporation<br>organisation.<br>Inthe event that the charity iswound<br>up, the liabilily in reaped of||
||the guarantee<br>is Enil per member of the charity. The prindple<br>address<br>is given<br>in the charily information<br>on|page 1ofthese financial|
||stninlilents.||
||The accounts<br>(finanaal<br>statements)<br>have been prepared<br>in amordance<br>with the mlevant<br>version of the Statement<br>of Recommended||
||Practice applicable to charities<br>preparing<br>their acmunts<br>in accordance<br>with the Finandal<br>Reporting<br>Standard|applicable<br>in the UK and|
||Republic of Ireland (FRS102)and the Financial Reporbng Standard<br>applicable<br>in the United<br>Kingdom<br>and Republic ofIreland<br>(FRS102)and||
||the Charities Act 2011and UK Generally Accepted Acmuntlng<br>Pracfice. The aomunts<br>(finandal<br>statements)<br>have|been prepared to jive a|
||'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations<br>2008 only tothe extent required to provide a||
||'true and fair view'. This departure<br>has involved<br>following the relevant<br>version ofthe Statement of Remmmended<br>Practice applicable to||
||charinies<br>preparing<br>their acmunts<br>in accordance with the Financial<br>Reporting standard<br>applicable<br>in the UK and|Republic of Ireland<br>(FRs|
||102)rather than the Acmunting<br>and Reporting<br>by Charities: Statement of Recommended<br>Practice effecbve from 1Apriil 200S which has||
||since been withdrawn.||
||The financial statements<br>have taken advantage ofthe exemption to prepare aStatement ofCash Flows.||
||The charily meets the definition ofa public benefit entity as defined under FRS102.The finanda statements are presented<br>in sterling which||
||isthe functional<br>currencii ofthe*arity.||
|(b)|Revenue ramgnition||
||Income is recognised<br>when the charity has entitlement<br>to the funds, any perFormance<br>iunditions<br>attached to the item(s) of income have||
||been met, it isprobable that the income will be received and the amount can be measured<br>reliably.||
||Donations are recognised<br>on a receivable basis.||
||Event income isrecognised<br>in the period in which the event took place.||
|(c)|Expenditwe<br>and irreuwerable<br>yAT||
||Expenditure<br>is mmgnised<br>once them is a legal ormnstructive<br>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<br>reliably.||
||Irremvera hie VAT ischarged as amst against the adivity for which the expenditure<br>was incurred.||
|(dj|Tangible fixed assets<br>that||
||Ag items ofcapital expenditure<br>below ESDDare wrimen olfas incurred.||
||Individual<br>fixed assets mating<br>ESDD or more are capitalised<br>at cost and are depreciated<br>over their estimated<br>useful economic lives on a||
||suaight<br>line basis as fogows:||
||Motor vehides<br>4years suaight<br>line||
|(e)|Cash and cash eqimmtents<br>eridenm||
||Cash and cash equivalents<br>compriise<br>cash on hand<br>and call deposits,<br>and other short-term<br>highly<br>liquid<br>Investments<br>that are rmdily||
||convertible toa known amount ofcash and are subject to an insignificant<br>nsk ofchange In value.||
|(fj|Trade debtom||
||Trade debtors are amounts due from customers for merchandise<br>sold orservices performed<br>in the ordinary murse|ofbusiness.|
||Trade debtors are recognised<br>initially<br>at the transaction<br>priice. They are subsequently<br>measured<br>at amortised|mst using the effective|
||interest<br>method,<br>lem provision for impairment.<br>A provision<br>for the impairment<br>of trade debtors<br>is established<br>th company<br>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<br>in the ordinary<br>coume of|business<br>from supplier.|
||Accounts payable are dassified as current<br>liabiliifiies ifthe charity does not have an uncondifional<br>riight, atthe end ofthe reporting period, to<br>defer settlement ofthe creditor forat least twelve months after the reporting date. Ifthere isan unmnditional<br>right todefer settlement for||
||at least twelve months after the reporting date, they are presented<br>as noncurrent<br>liabilities.||
||Trade creditors are recognised<br>initially atthe transaction<br>priice and subsequently<br>measured at amortised<br>cost using the effective interest||
||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<br>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|