Statement of Financial Activities for the year ended 30[th] September 2022
| Trustees | Sri Sudevi (Chair) |
|---|---|
| Louise Jane Carmichael | |
| Sarah Haberghan | |
| Catherine Marie Edgar | |
| Paula Merrony | |
| Registered Charity Number | 1158800 |
| Registered office | |
| 60 Sparrows Herne | |
| Bushey | |
| Hertfordshire | |
| WD23 1FY | |
| Independent Examiner | Romero Tayong |
| 105 Fullbrook Avenue | |
| Spencers Wood | |
| Reading | |
| RG7 1FE |
1
Statement of Financial Activities for the year ended 30[th] September 2022
| Contents | ||
|---|---|---|
| Page | ||
| Trustees Report | 3 | |
| CEO Report | 4 | |
| Independent Examiners Report | 6 | |
| Statement of Financial Activities | 7 | |
| Balance Sheet | 8 | |
| Cash Flow Statement | 10 | |
| Notes to the Financial Statements | 11 |
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Trustees Report for the year ended 30[th] September 2022
Trustees’ report for the year ended 30[th] September 2022
The trustees of My Yard, who are trustees for the charity for Charities Act purposes and directors of the company for Companies Act purposes, present their report and the financial statements for the year ended 30 September 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) issued in January 2016.
Structure and Governance
Angel Hands Foundation was registered and incorporated as a charity in October 2014. In March 2023 Angel hands foundation officially changed their name to My Yard.
The charity is governed by a board of trustees, with day to day operations being undertaken by the Project Director.
The board of trustees meets regularly, to oversee the management of the charity and provide guidance.
.
Objectives and activities
My Yard provides support to residents of London and Hertfordshire who are isolated and not receiving adequate support for a variety of reasons.
Surplus food distribution is the main tool used as most beneficiaries are in food poverty as well as isolated. In this way we break down barriers and start to engage with those most in need personally and socially. This includes people of all ages and social groups.
My Yard partners with voluntary and statutory bodies with the intention of reducing food poverty and thus increasing mental and physical wellbeing.
Financial review
Income for the year from donations and investments was £145,843 (2021: £129,670). Expenditure was £143,150 (2019: £122,071). This was spent on charitable activities, cost of raising funds, and administration costs of the Charity. Further details can be found in the statement of financial activities on page 6.
Reserves
The policy on reserves is to hold an amount to reflect variances around cash flow, income security and meet on-going liabilities given that funding may come at any time of the year. The Trustees have resolved that the Charity should work towards holding unrestricted reserves equivalent to two months running costs for its long-term sustainability and to ensure they can continue to serve their clients and other beneficiaries.
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CEO’s Report for the year ended 30[th] September 2022
CEO’s Report
With a warehouse and more and more demand for food. this year saw a huge increase in food distribution. My Yard provided 5 free surplus food markets a week to communities in Harrow, Barnet and Bushey. It also developed markets in various sheltered housing schemes in Harrow building up 8 schemes a week. We regularly reached over 340 households a week with 3 tonnes of surplus per week rescued. However, we realised there are challenges around needing more experienced warehouse staff and having systems to match our expansion. We are focussing on these challenges during 2023.
A monthly tea party became a popular occasion for the elders to gather as respite from the isolation of the pandemic with entertainment and a food and gift giveaway being a highlight. The regular attendance hit around 50 – 60 and My Yard provided transportation and entertainment. We also provided trips to London Zoo, Kew gardens and the West End.
The Bushey Allotment project has been developed and a second plot was secured and groundwork began. A new potting shed and poly tunnel have been placed and plans to landscape the area are underway so more group activities and year-round work can continue. Afternoon tea parties and craft activities have been very popular alongside volunteer team building in this space.
We worked with a number of young people under the banner of our Changemakers Project. Most were referred to us via our food markets, offering further evidence that providing food is a positive method of engagement. Highlights have been our published book which was featured in mainstream press and a youth led theatre show at the Playground theatre in Latimer Road. We also met the children’s commissioner who commended our work. Another project involved regular crime prevention meetings between young people and the Met Police facilitated by My Yard.
Our staff team also grew and we were happy to have two Kickstart apprentices working with us, one of whom was employed in our food programme after their apprenticeship. We also grew our volunteer team and in October 2023 we received confirmation of grants for a befriending service that included a new volunteer co-ordinator post and a National Lottery Grant for a Chief Operating Officer to oversee the project operations and human resources.
My Yard continues to grow in 2022-2023 and with our new staff team we are reviewing systems and ensuring that we have sustainable, ongoing funding to enable us to deliver projects to vulnerable people in the future.
4
CEO’s Report for the year ended 30[th] September 2022
This report has been prepared in accordance with the Statement of Recommended Practice (SORP) – Accounting and Reporting by Charities
Approved by the Board of Trustees on 27[th] July 2023 and signed on its behalf by
Sri Sudevi Paula Merrony Trustee Trustee Date 27/7/23 Date 27/7/23
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Statement of Financial Activities for the year ended 30 September 2022
I report on the accounts of My Yard for the year ended 30 September 2022
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) or under Regulation 10(1)(a) to (c) of the Charities Accounts (Scotland) Regulations 2006 (the 2006 Regulations) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of the Association of Certified Chartered Accountants.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act and under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act);
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act and section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and section 44(1)(b) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations
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have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Romero Tayong FCCA
Membership No: 0922393
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Statement of Financial Activities for the year ended 30 September 2022
| Notes Incoming resources 3 Donations and fundraising Charitable Activities Total incoming resources Net resources available for Charitable Activities Charitable Expenditure 4 Raising funds Charitable Expenditure Admin & other Expenditure Governance costs Depreciation Resources expended Net incoming/(outgoing resources) Adjust bank error Movement of unrestricted to restricted Net movement in funds Total funds at 1 October 2021 Total funds at 30 Sept 2022 |
2022 General Fund £ 5,569 20,339 25,908 25,908 866 30,707 7,902 200 3,137 42,813 (16,904) 105 4,233 (12,566) 1,224 (11,342) |
2022 Restricted Funds £ 119,935 119,935 119,935 98,181 71 2,085 100,337 19,598 - (4,233) 15,365 21,721 37,086 |
2022 Total 2022 £ 5,569 140,274 145,843 145,843 866 128,888 7,974 200 5,222 143,150 2,694 - - 2,694 22,945 25,640 |
2021 Total 2021 £ 11,230 118,739 129,970 129,970 456 106,905 9,373 277 5,060 122,071 7,899 - - 7,899 - - |
|
|---|---|---|---|---|---|
All amounts relate to continuing activities and there has been no change in the nature of the Charity’s activities in the year. All recognised gains and losses are included in the statement of financial activities. The notes on page 11 to 17 form part of these financial statements.
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Statement of Financial Activities for the year ended 30 September 2022
Balance sheet as at 30th September 2022
| Notes Fixed Assets Tangible Assets 6 Depreciation Charge Current Assets Debtors - prepayments and accrued income Cash at bank and in hand Amounts falling due within one year Creditors: 5,7 Accruals/income in advance Restricted capital grant Trade Creditors Net Current liabilities Amounts falling due greater than one year Creditors: Restricted capital grant Vehicle Lease Total Assets Less Current Liabilities Accumulated Funds General Fund Restricted Funds 9 |
2022 £ 47,244 (13,301) 33,943 1,555 6,527 8,082 2,275 2,070 5,314 9,659 (1,577) 6,622 - 25,745 (11,342) 37,086 25,745 |
2021 £ 47,159 (8,080) |
|---|---|---|
| 39,080 12,661 |
||
| 12,661 375 2,115 496 |
||
| 2,986 | ||
| 9,675 8,710 17,100 |
||
| 22,945 | ||
| 1,224 21,721 |
||
| 22,945 |
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Statement of Financial Activities for the year ended 30 September 2022
Trustees’ statements required by Sections 475 (2) and (3)
For the year ended 30[th] September 2022
In approving these financial statements as trustees of the company we hereby confirm:
For the year ended 30[th] September 2022 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.
The members have not required the Charity to obtain an audit of its financial statements for the period in question in accordance with section 476 of the Companies Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Signed on behalf of the Board of Trustees by and authorised for issue on 27[th] July 2023
Sri Sudevi Trustee
Paula Merrony Trustee
Registered Number 1158800
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| Statement of Financial Activities for the year ended 30 September 2022 Statement of Cash Flows 2022 £ Surplus (deficit) from operating activities 2,694 Depreciation 5,222 Interest Receivable - Decrease (Increase) in receivables (1,555) Increase (Decrease) in payables 4,585 Net Cash Generated from operating activities 10,945 Investing Activities Interest Received - Vehicle lease (17,100) Purchase of Fixed Assets (85) Net Cash inflow and increase in cash (6,240) Cash and cash equivalents at beginning of year 12,768 Cash and cash equivalents at end of year 6,528 |
Statement of Financial Activities for the year ended 30 September 2022 Statement of Cash Flows 2022 £ Surplus (deficit) from operating activities 2,694 Depreciation 5,222 Interest Receivable - Decrease (Increase) in receivables (1,555) Increase (Decrease) in payables 4,585 Net Cash Generated from operating activities 10,945 Investing Activities Interest Received - Vehicle lease (17,100) Purchase of Fixed Assets (85) Net Cash inflow and increase in cash (6,240) Cash and cash equivalents at beginning of year 12,768 Cash and cash equivalents at end of year 6,528 |
Statement of Financial Activities for the year ended 30 September 2022 Statement of Cash Flows 2022 £ Surplus (deficit) from operating activities 2,694 Depreciation 5,222 Interest Receivable - Decrease (Increase) in receivables (1,555) Increase (Decrease) in payables 4,585 Net Cash Generated from operating activities 10,945 Investing Activities Interest Received - Vehicle lease (17,100) Purchase of Fixed Assets (85) Net Cash inflow and increase in cash (6,240) Cash and cash equivalents at beginning of year 12,768 Cash and cash equivalents at end of year 6,528 |
2,021 £ 7,899 5,060 - - (1,989) 10,970 - 17,100 (30,725) (2,655) 15,318 |
|---|---|---|---|
| 6,528 | 12,663 |
10
Notes forming part of the financial statements for the year ended 30 September 2022
1. Accounting policies
a) Basis of accounting
These financial statements have been prepared under the historical cost convention, and in accordance with applicable United Kingdom accounting standards and in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2015)
The functional currency of My Yard is considered to be pounds sterling because that is the currency of the primary economic environment in which the Charity operates.
My Yard constitutes a public benefit entity as defined by FRS102.
b) Going concern
These accounts are prepared on the going concern basis. The Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
c) Income
Donations including donations, gifts and legacies are recognised where there is entitlement, the amount can be measured with sufficient reliability, and receipt is probable.
All income is accounted for on an accruals basis.
d) Expenditure
Expenditure is accounted for on an accruals basis.
e) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The Trustees currently have no designated funds.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes.
f) Costs of raising funds
The costs of raising funds consist of fundraising costs relating to payments to fundraising sites such as Just Giving and costs of putting on fundraising events.
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Notes forming part of the financial statements for the year ended 30 September 2022
g) Fixed Assets
Tangible assets are depreciated as follows:
Motor Vehicles: Straight line over 10 years
Fixtures and Fitting: Straight line over 20 years
Audio -visual Equipment: Straight line over 4 years
Office Equipment: Straight Line over 4 years
h) Statement of cash flows
Following the implementation of FRS102, a statement of cash flows has been incorporated within the financial statements of My Yard for the year ended 30 September 2022 on page 9.
i) Financial instruments
Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument.
Financial assets are derecognised when and only when (a) the contractual right to the cash flows from the financial asset expire or are settled, (b) the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or (c) the Charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions and are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
j) Critical accounting judgements and key sources of estimation uncertainty
There are no critical accounting judgments or key sources of estimation uncertainty at the reporting date.
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Notes forming part of the financial statements for the year ended 30 September 2022
2. Staff costs
The Trustees did not receive any emoluments or reimbursed expenses from the Charity.
No employees in the current and prior periods had emoluments in excess of £60,000.
| Wages and Salaries The average number of employees employed by the charity during the year (FTE) was: General Restricted Note 3: fund Funds £ £ Incoming resources Grants and donations Grants 7,660 119,403 Donations 5,196 532 Kickstarter Apprentice 10,938 - Crowdfunder - - Other Income - - Harrow Lottery/events/fundraising 373 - Book sales 629 - Contribution to Meals provided 1,112 - Total incoming resources 25,908 119,935 |
Wages and Salaries The average number of employees employed by the charity during the year (FTE) was: General Restricted Note 3: fund Funds £ £ Incoming resources Grants and donations Grants 7,660 119,403 Donations 5,196 532 Kickstarter Apprentice 10,938 - Crowdfunder - - Other Income - - Harrow Lottery/events/fundraising 373 - Book sales 629 - Contribution to Meals provided 1,112 - Total incoming resources 25,908 119,935 |
2022 £ 58,865 2022 No. 2.30 2022 Total £ 127,063 5,728 10,938 - - 373 629 1,112 145,843 |
2021 £ 26,601 2021 No 0.85 2021 Total £ 118,740 10,863 - - - 366 - - 60,295 |
|---|---|---|---|
| 119,935 |
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Notes forming part of the financial statements for the year ended 30 September 2022
| Note 4 Resources | Total | |||
|---|---|---|---|---|
| expended | Unrestricted fund | restricted | Total | Total |
| £ | £ | £ | £ | |
| Accountancy | 175 | - | 175 | 200 |
| Computer Expenses | 1,331 | - | 1,331 | 307 |
| Depreciation | 3,137 | 2,085 | 5,222 | 5,060 |
| food & Drink | 539 | 1,842 | 2,381 | 5,539 |
| Gardening | 1,556 | 1,329 | 2,885 | 2,805 |
| Insurance | 311 | - | 311 | 4,217 |
| Marketing/Fund raising | 866 | 182 | 1,048 | 1,697 |
| Materials & Activity costs | 666 | 27,055 | 27,721 | 25,096 |
| Mentoring | - | 180 | 180 | 1,650 |
| Miscallaneous | - | 235 | 235 | - |
| Office/Admin Expenses | 1,350 | 71 | 1,422 | 892 |
| Phone expenses | 4,765 | - | 4,765 | 3,634 |
| Professional Services | 1,546 | 2,410 | 3,956 | 3,014 |
| Rent/Lease | 8,200 | 4,900 | 13,100 | 2,540 |
| Repairs/small items equip | 257 | 316 | 573 | 2,504 |
| Recruitment | 144 | - | 144 | 323 |
| Salaries and wages | 14,223 | 44,642 | 58,865 | 26,601 |
14
Notes forming part of the financial statements for the year ended 30 September 2022
| Sessional Fees Subscriptions & Memberships Training Travel and Subsistence Vehicle Running costs Volunteer costs Total resources expended Net movement in funds |
Unrestricted £ 1,167 182 165 2,468 - 347 110 42,813 16,904 |
Total restricted £ 8,752 353 - 2,603 3,382 - 100,337 19,598 |
Total £ 9,919 535 165 5,071 3,035 110 143,150 2,694 |
Total £ 29,811 0 574 1,474 3,049 1,084 |
|---|---|---|---|---|
| 122,071 | ||||
| 9,356 |
| Note 5 Accountants Fees Independent Examiners Fees |
2022 2021 175 200 175 200 |
|---|---|
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Notes forming part of the financial statements for the year ended 30 September 2022
| Note 6: Tangible fixed assets Fixed assets Cost @ 1/10/21 Additions Cost @ 30/9/22 Depreciation c/f 1/10/21 Depreciation 2021-22 Depreciation b/f 30/9/22 NBV @ 30/9/2022 7 Creditors: amounts falling due within one year Trade Creditors Accountancy year end Restricted Capital Grant HMRC/pension Accruals /income in advance |
Fixtures 7,093 7,093 (2,362) (431) (2,793) 4,300 |
Vehicles 34,897 4,897 (3,761) (3,490) (7,251) 27,646 |
Audio 1,120 85 1,205 (678) (283) (961) 244 2022 £ 3,556 175 2,070 1,760 2,100 9,661 |
Office Equip 4,050 4,050 (1,279) (1,018) (2,297) 1,753 |
Total 47,160 85 47,245 (8,080) (5,222) (13,302) 33,943 2021 £ - 375 - 310 - 685 |
|---|---|---|---|---|---|
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Notes forming part of the financial statements for the year ended 30 September 2022
Note 8: Other debtors
There are no trade debtors.
Note 9: Analysis of movement on Restricted Funds
| Charitable activities Food Share - Harrow Giving Jack Petchley Holiday Clubs Sporting projects WRAP Bushey allotment & Projects COVID response /Lottery fund John Lyons Fund Groundworks Met Police Youth Work Harrow Changemakers Youth 20 HSILB Young Carers Barnet/Stonegrove Pinner Grove HYC Fund |
2022 2022 2022 2022 2021 2021 Income Expend iture Trans fers At 30/9/22 Income Expend iture £ £ £ £ £ £ 5,000 4,054 946 (0) - - 743 743 - - - - 19,848 19,849 - (0) 31,219 31,547 7,996 4,416 - 3,580 1,342 1,342 - - 1,327 3,913 - - - - - 278 - - - - - 10,098 22,000 19,438 - 9,970 22,000 14,592 - - - - 451 1,567 - - 3,287 - 7,658 4,371 4,759 8,655 - 6,828 17,000 6,275 8,000 634 - 7,366 - - 15,000 6,650 - 8,350 - - 9,332 9,332 - - - - 2,000 2,000 - (0) - - 20,715 20,714 - 1 - - 3,200 2,209 - 991 - - - 300 - - 300 - |
2021 Trans fers £ 3,573 2,306 (328) 1,000 (286) 1,822 (98) (1,346) - - - - - - - - - 1,073 |
2021 At 30/9/21 £ - - - - - - - 7,408 - 3,287 10,725 - - - - - - 300 21,720 |
|---|---|---|---|
| 119,935 100,337 4,233 37,085 37,968 20,540 |
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