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← My Yard

2024-09-30-accounts

Annual Report for the year ended 30[th] September 2024

Trusteess Sri Sudevi (Chair)
Louise Jane Carmichael
Sarah Haberghan (Until May 2025)
Catherine Marie Edgar
Paula Merrony
Registered Charity Number 1158800
Registered office :
87 Windmill Lane
Bushey
Hertfordshire
WD23 1NE
Independent Examiner Romero Tayong FCCA
Reading RG7 1FE

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Annual Report for the year ended 30[th] September 2024

Contents

Page
Trustees Report 3
CEO Report 4
Independent Examiners Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 11
Notes to the Financial Statements 12

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Trustees’ Report for the year ended 30[th] September 2024

Trustees’ report for the year ended 30[th] September 2024

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 2024. 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 incorporates 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 CEO.

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 £201,142 (2023: £203,878). Expenditure was £185,056 (2023: £202,206). 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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Trustees’ Report for the year ended 30[th] September 2024

Management Report 2023-24

This year was a year of growth for My Yard and we reached more people than ever including reestablishing services in the LB Barnet, increasing the number sheltered housing schemes visited, opening a new hub in South Harrow and working with SEND schools.

In particular we were successful in achieving three years core funding for our Youth Work for the John Lyon’s Foundation; this will enable us to solidify the core Young People and Families services, be able to plan for the future and offer staff a secure role.

My Yard is rapidly becoming the ‘Go to’ Charity for statutory organisations wanting to connect with the local communities – for example we were asked to run a health inequalities programme asking residents why they did not access primary mental health care. This work was contracted to us as we have contact with those residents through our food surplus programme and community hubs and were seen by them as trusted people to talk to.

One major change in the year was the move of our warehouse to a community centre in South Harrow. We also use the centre on a Monday for a community hub and market. This is a larger space so we can accommodate more people for activities and the market. It also saves us money and time as we do not have to transport food across Harrow.

The food surplus market model, which involves us registering people individually and finding their individual needs, likes, dislikes, dietary requirements as well as their circumstances (e.g. carer, ,one parent, temporary accommodation, disability) has been developed and refined and we now use the Plinth database to record our information. This model was replicated with Home Group Housing in LB Barnet where we now run a weekly market.

We recruited a lead youth worker and two sessional youth workers in 2024 who now manage our youth activities. As this area is now well resourced and funded we have been able to offer pilot work experience programmes with a local SEND school as well as run photography projects with them. We will be expanding this project in 2025 and sending surplus food to schools as well as offering work experience at Gro Up, our allotment project.

The allotment project was launched in August 2024 with an event attended by Hertsmere Councillors, supporters, volunteers and local organisations. We now have a beautiful Rose Arch thanks to a grant from the Hertsmere 50[th] Anniversary Fund.

Data!

My Yard has 694 registered users across North London and Hertsmere.

This includes:

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Trustees’ Report for the year ended 30[th] September 2024

Grants and Supporters

During 23-4 we started a new three year grant from John Lyons Charity to support our core youth work. This was also supported by Young Harrow and 6 Crown Street. Harrow Giving supported our community hubs alongside funding from Cadent. Our thanks also go to the LB Harrow housing team for their continued support with premises to run our activities and use as storage.

Our food programme would not have been possible without support from the Felix Trust. Over the year the Felix trust have supplied 131,167 items – enough to feed 12,952 households and 34,706 people. The value of these donated good is an incredible £62, 144.

We also would like to thank Pinner Rotary Club who have been supporters of My Yard for many years. Fundraisers also raised funds for the allotment and for social community events.

My Yard thanks all our supporters, volunteers, staff and the people we work with for working together with us to ensure we can continue our vital work.

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Trustees’ Report for the year ended 30[th] September 2024

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 23[rd] May 2025 and signed on its behalf by

Sri Sudevi Paula Merrony Trustee Trustee

Date 23/5/25 Date 23/5/24

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Report of the Independent Examiner to the Trustees of My Yard For the year

ended 30 September 2024

I report to the trustees on the accounts of My Yard for the year ended 30 September 2024.

Responsibilities and basis of report

As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (the “2011 Act”) and, where applicable, the Charities Accounts (Scotland) Regulations 2006 (as amended) (the “2006 Regulations”).

You have elected for an independent examination instead of an audit, and I confirm that I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.

It is my responsibility to:

Independent examiner’s statement

My examination was carried out in accordance with the general Directions issued by the Charity Commission and the applicable regulations in Scotland. 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 the trustees concerning such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect:

  2. accounting records were not kept in accordance with section 130 of the 2011 Act, or section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations; or

  3. the accounts do not accord with the accounting records and fail to comply with the accounting requirements of the 2011 Act, or section 44(1)(b) of the 2005 Act and Regulation 8 of the 2006 Regulations; or

  4. 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 Reading UK Date: 27 May 2025

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Summary Statement of Financial Activities (incorporating Income and Expenditure Account) For the year ended 30 September 2024

2024 2024 2024 2023
General Restricted Total Total
Fund Fund
Notes £ £ £ £
Incoming resources 3
Donations and fundraising 5,826 3,523 9,349 9,862
Charitable Activities 20,867 170,927 191,794 170,927 191,794 191,106
Other Trading Activities - - - 2,910
Total incoming resources 26,692 174,450 201,142 174,450 201,142 203,878
Net resources available for
Charitable Activities		 26,692 174,450 201,142 174,450 201,142 203,878
Charitable Expenditure 4
Raising funds 216 - 216 1,175
Charitable Expenditure 22,982 143,274 166,256 143,274 166,256 181,651
Admin & other Expenditure 10,784 1,070 11,853 12,135
Governance costs 450 - 450 200
Depreciation 6,280 - 6,280 7,044
Resources expended 40,712 144,344 185,056 144,344 185,056 202,206
Net incoming/(outgoing (14,020) 30,106 16,086 1,672
resources)
Movement of unrestricted to 3,107 (3,107) - -
restricted
Net movement in funds (10,913) 26,999 16,086 1,672
Total funds at 1st October 2023 (10,576) 37,992 27,417 25,744
Total funds at 30th Sept 2024 (21,488) 64,991 43,503 25,417

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 15 form part of these financial statements.

8

Balance Sheet For the year ended 30 September 2024

2024 2023
Notes £ £
Fixed Assets
Tangible Assets 6 59,667 72,944
Depreciation Charge (19,375) (20,345)
40,292 52,599
Current Assets
Debtors - prepayments and accrued income Debtors - prepayments and accrued income8 2,997 7,718
Cash at bank and in hand 29,805 20,191
32,802 27,909
Amounts falling due within one year
Creditors: 7
Accruals/income in advance 200 0
Restricted capital grant 5,180 5,556
Trade Creditors 6,516 24,695
11,896 30,251
Net Current liabilities 20,906 (2,342)
Amounts falling due greater than one year
Creditors:
Restricted capital grant 12,697 19,840
Loan 5,000 3,000
Total Assets Less Current Liabilities 43,503 27,417
Accumulated Funds
General Fund (21,488) (10,576)
Restricted Funds 64,991 37,992
43,503 27,417

9

Balance Sheet For the year ended 30 September 2024

Trustees’ statements required by Sections 475 (2) and (3)

For the year ended 30[th] September 2024

In approving these financial statements as trustees of the company we hereby confirm:

For the year ended 30[th] September 2024 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 23[rd] May 2025

Sri Sudevi Paula Merrony Trustee Trustee

Registered Number 1158800

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Notes forming part of the financial statements for the year ended 30 September 2024

Statement of Cash Flows

2024 2023
£ £
Surplus (deficit) from operating activities 16,087 1,672
Depreciation 6,280 7,044
Loan repayment (4,000) (3,800)
Disposal Fixed Assets 7,250 350
Decrease (Increase) in receivables 4,721 6,163
Increase (Decrease) in payables (25,498) 22,265
Net Cash Generated from operating activities 4,840 33,694
Investing Activities
Interest Received - -
Loan 6,000 6,800
Purchase of Fixed Assets (1,224) (26,050)
Donated asset - 20,600
Net Cash inflow and increase in cash 9,616 32,344
Cash and cash equivalents at beginning of year 20,191 6,527
Cash and cash equivalents at end of year 29,805 20,191

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Notes forming part of the financial statements for the year ended 30 September 2024

Note 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 2024

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 2024 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 2024

Note 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.

2024 2023
Gross Wages Gross Wages 35,294 106,797
Social Security Cost Social Security Cost 688 2,253
35,982 109,050
Average No of employees FTE 0.88 0.88 2.80
Note 3 Incoming Resources
General Restricted Total Total
Fund Funds 2024 2023
£ £ £ £
Grants and donations
Grants 20,867 170,927 191,794 191,106
Donations 4,229 3,523 7,752 9,456
Other Income - -
-		 - -
Harrow lottery/events/fundraising 1,597 - 1,597 407
Book sales - -
-		 - 410
Contribution to Meals provided - -
-		 - 2,500
Total incoming resources 26,692 174,450 201,142 203,878

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Notes forming part of the financial statements for the year ended 30 September 2024

Note 4: Resources Expended

Note 4: Resources Expended
Unrestricted Total Total Total
fund restricted
£ £ £ £
Accountancy 400 - 400 200
Computer Expenses 744 368 1,112 630
Depreciation 6,280 - 6,280 7,044
Food & Drink 324 2,555 2,879 5,756
Gardening - -
4,324		 4,324 5,297
Insurance 2,266 506 2,772 2,394
Marketing/Fund raising 216 72 288 1,175
Materials & Activity costs 2,247 13,376 15,623 7,458
Mentoring 401 653 1,054 499
Hardship Grants - -
4		 4 1,033
Office/Admin Expenses 1,683 29 1,712 3,612
Phone expenses 6,083 120 6,203 5,374
Professional Services 985 13,730 14,715 10,591
Rent/Lease 585 7,404 7,989 12,910
Repairs/small items equip - -
65		 65 59
Recruitment 7 47 54 125
Salaries and wages 11,114 64,630 75,744 109,050
Sessional Fees 400 27,869 28,269 8,018
Subscriptions & Memberships 697 - 697 632
Training - -
22		 22 12
Travel and Subsistence 394 1,594 1,988 3,271
Vehicle Running costs 5,716 1,997 7,713 12,070
Volunteer costs 170 4,980 5,150 4,997
Total resources expended 40,712 144,344 185,056 202,207
- -
-		 -
Net movement in funds (14,020) 30,106 16,086 1,672

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Notes forming part of the financial statements for the year ended 30 September 2024

Note 5: Accountants Fees

Note 5: Accountants Fees
2024 2023
£ £
Independent Examiners Fees 200 200
200 200 200
Note 6: Tangible Fixed Assets
Fixtures Vehicles Audio Audio Office Total
Equip
Fixed assets Cost @ 1/10/23 7,342 60,347 1,205 1,205 4,050 72,943
Additions 1,224 - - - 1,224
Disposals - (14,500) - - (14,500)
Cost @ 30/9/24 8,567 45,847 1,205 1,205 4,050 59,667
Depreciation c/f 1/10/23 (3,684) (12,225) (1,123) (1,123) (3,314) (20,345)
Depreciation 2023-24 (430) (5,032) (82) (82) (736) (6,280)
Dep'n written back on disposal - 7,250 - - 7,250
Depreciation b/f 30/9/24 (4,114) (10,007) (1,205) (1,205) (4,050) (19,375)
Net Book Value 30/9/23 4,453 35,840 - -
-		 - 40,292

Note 6: Tangible Fixed Assets

Note 7: Creditors

Note 7: Creditors
2024 2023
£ £
Trade Creditors 4,117 13,671
Accountancy yr end 200 200
Restricted Capital Grant 5,180 5,556
HMRC/pension 2,399 10,824
Accruals /income in advance - -
11,896 30,251

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Notes forming part of the financial statements for the year ended 30 September 2024

Note 8: Prepayment and Debtor

Note 8: Prepayment and Debtor
2024 2023
£ £
Trade Debtors 500 5,000
Prepayments 2,497 2,718
2,997 7,718

Note 9: Restricted Funds Movements

2024 2024 2024 2024 2023 2023 2023 2023
At At
Income Expense transfers transfers
30/9/24		 Income Expense Expense
transfers		 transfers
30/9/23
£ £ £ £ £ £ £ £
Charitable activities
Food Share - Harrow
Giving 580 14,373 (13,793) - 27,355 31,548 (4,193) -
LB Harow CoL 984 571 413 (0) 621 621 - -
Holiday Clubs 17,550 16,679 871 (0) 16,000 8,058 7,942 -
Sporting projects 500 - 500 - - 2,503 1,077 -
WRAP - - - - 1,741 1,741 - -
Bushey allotment &
Projects 15,457 16,389 (932) (0) 11,910 12,805 (895) (0)
John Lyons Fund 40,000 5,718 1,707 38,553 24,200 28,192 - 5,978
Youth Work Harrow - - - - - 4,616 2,212 -
Changemakers 15,000 33,293 (4,876) - 15,000 8,949 - 13,417
Youth 20 5,010 - 1,959 (0) - 11,401 - (3,051)
Barnet/Homegroup - - - - 9,600 9,600 - -
Pinner Grove - 3,877 86 (0) 9,500 6,528 - 3,963
Community Hubs 34,345 18,059 13,380 5,936 20,000 11,658 5,312 3,030
Befriending 8,375 3,227 3,082 (0) 25,125 27,191 - (2,066)
Lottery 36,650 31,866 - 20,503 33,650 17,931 - 15,719
Youth Voice - 290 710 - 1,000 - - 1,000
174,450 144,344 3,107 64,991 195,702 183,341 11,455 37,992

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Notes forming part of the financial statements for the year ended 30 September 2024

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