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|||Page|
|---|---|---|
|Trcstses report|||
|Independent
examiner's|report||
|Statement offiinsncisl|activities|6-7|
|Balance sheet|||
|Notes to Ihe financial statements||9-18|
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|t report to the Trustees on my examination
of the financial statemenis
ofThe Souster Youth Trust (the trust)
for ihe year ended 30June 2021,|
|---|
|Responsibilities
and basis ofreport|
|As the Trustees ofthe trust you sre responsible
for the preparation
ofthe financial statements
In accordance
with the requirements
ofthe Charities Act 2011 (the 2011Act).|
|I report in respect of my examination
ofthe trust's financial
statements
carried out under section 145of the
2011Act. In carrying
out my examination
I have followed
all the applicable
Directions
given
by ths Charity
Commission
under section 145(5)(b)ofthe 2011Act.|
|independent
examiner's
statement|
|Your attention
is drawn
to the fact that the charity
has prepared
financial
statements
in accordance
with
Accounting
and Reporting
by Charities
preparing
their accounts
in accordance
with the Financial
Reporting
Sisndard
applicable
in ths UK and Republic of ireland
(FRS 102) in preference
to the Accounting
snd
Reporting
by Chsritistc
Statsmeni of Recommended
practice issued on 1 April 2005 which is referred to in
the extant regulations
but has now been withdrawn.|
|I understand
that this has been done
in order for financial
statements
to provide
a true and fair view
in
accordance
with
Generally
Accepted Accounting
practice
effective for reporting
periods
beginning
on or
after 1 January 2015.|
|I have completed
my examination,
I confirm that no matters
have come to my attention
in connscbon
with
the examination
giving ms cause to believe that in any material
respeck|
|1
accounting
records were not kept in respect ofthe trust as required
by section 130ofthe 2011Act; or
2
the financial statements
do not accord with those records; or|
|3
the
fiinancial
statements
do not comply
with
the applicable
requirements
concerning
the form and
content of acrxiunts set out in the Charities
(Accounts
and Reports) Regulations
2008 other than
any
requirement
that the accounts
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|
|ahention
shouid be drawn
in this report in order to enable a proper understanding
ofthe financial statements
to be reached.|
|Mark Jackson FCA DChA|
|Ruthlyn
House|
|00 Lincoln Road|
|Peterborough|
|Cambridgeshire|
|PEt 2SP|
|United
Kingdom|
|Dated
r5' g. ZwSZ|
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|Cuntent financial year|||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Unresbfctsd|Restricted||Total|
|||funds|funds|funds|||
|||general|designated||||
|||2021|202'1||2021|2020|
||||6|||6|
|Iggg~gilt;
Donations
and legacies|3|147,855||18,028|165,883|177,430|
|Charitable
activities|4|4,046|||4,046|6,021|
|Investments|5|21|||21|76|
|Total income||151,922||18,028|169,950|183,527|
|Rztttttuuttt ttt4tg..|||||||
|Charitabls
activities|6|131,923|||131,923|139,752|
|Net income for the year/|||||||
|rtet movement
in funds||19,999||18,028|38,027|43,775|
|Fund balances at 1 July 2020||100,212|25,000||125,212|81,437|
|Fund balances at 30June 2021||120,211|25,000|18,028|163,239|125,212|
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||||Unrestricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds||
||||general|designated||
||||2020|2020|2020|
|||Notes|8|2|8|
|IgggmgJTftm;||||||
|Donations
and legacies|||177,430||177,430|
|Charitable
actiirtias|||6,021||6,021|
|invesbnents|||76||76|
|Total Income|||183,527||183,527|
|Etttttttttlitttouttr.||||||
|Charitable
activities|||139,752||139,752|
|Net income for the year/||||||
|Net movement|in funds||43,775|||
|Fund balances at 1 July 2019|||56,437|25,000|81,437|
|Fund balances|at 30June 2020||100,212|25,000|125,212|
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||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||8||
|Fixed assets|||||||
|Tangible assets||'IO||3,717||2,143|
|Current assets|||||||
|Debtors|||29,779||48,746||
|Cash at bank and in|hand||135,014||76,819||
||||164,793||125,565||
|Creditors: amounts|falling due within||||||
|one year|||(5,271)||(2,496)||
|Net current assets||||159,522||123,069|
|Total assets less current liabilities||||163,239||125,212|
|Income funds|||||||
|Restricted
funds||13||18,028|||
|gnn, gtnnt|||||||
|Designated
funds||14|25,000||25,000||
|General unrestricted|funds||120,211||100,212||
|||||145,211||125,212|
|||||163,239||125,212|
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|Unreetdeted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2021|2020|
|5|2|
|21|76|
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||||2021|2020|
|---|---|---|---|---|
|||||8|
|Staff saledes|||102,020|98,688|
|Sessional stalf||||477|
|Depreciation|and impairment||2,559|4,612|
|Travel|||578|2,224|
|Recruitment|||127||
|Insurares|||2,020|2,696|
|Office costs
Design fess
Staff development|||3,582
1,625
1,767|3,320
3,163
2,142|
|Sundry expenditure|||165|305|
|Telephone|||1,320|1424|
|Postage and|stsbonery||1,585|2,079|
|Light and heat|||1,740|1,982|
|Cleaning|||1,190|1,120|
|Premises
maintenance|||1,820|1,632|
|Expenditure
on provision oftraining courses
Book purchases|||1,019
269|3,872
1,4?3|
||||123,386|131,009|
|Share ofsupport costs fees note 7)|||2,157|2,423|
|Share ofgovernance||costs (see note 7)|6.380|6,320|
||||13'l,923|139,752|
|Analysis
by|fund||||
|Unrestricted|funds - general||131,923||
||||131,923||
|Fortha year|ended 30June 2028||||
|Unrestricted|funds - general|||139,752|
|||||139,752|
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|Support|c|osts||||||
|---|---|---|---|---|---|---|---|
||||Support|Governance|2021|2020|Basis ofallocation|
||||costs|costs||||
||||6|6||||
|l-egal and|HR fees||2,157||2,157|2,423||
|independent||examiner|||||GovelTlance|
|fees||||1,380|1,380|1,320||
|Management|||||||Governance|
|consuitancy||||5,000|5,000|5,000||
||||2,157|6,380|8,537|8,743||
|Analysed|between|||||||
|Charitable||activities|2,157|6,380|8,537|8,743||
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|Employment
costs|||
|---|---|---|
||2021|2920|
|Wages and salaries|95,295|90,696|
|Sessional staff||477|
|Social security costs|4,001|5,201|
|Other pension costs|2,724|2,791|
||102,020||
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|10|Tangible 6xed assets|Tangible 6xed assets||||
|---|---|---|---|---|---|
||||flxtores and|Costptdats|Total|
||||fasssa|||
||||8|||
||Cost|||||
||At 1 July 2020||6,770|8,858|15,628|
||Additions||180|3,954|4,134|
||At 30June 2021||6,950|12,8'l2|19,782|
||Depreciation
and impairment|||||
||At 1 July 2020||5,078|8,407|13,485|
||Depreciation
charged|in the year|1,501|1,059|2,560|
||At 30June 2021||6,579|9,466|16,045|
||Carrying
amount|||||
||At 30June 2021||371|3,346|3,717|
||At 30June 2020||1,692|451|2,143|
|11|Debtors|||||
|||||2021|2020|
||Amounts
falling due|within one year:||6||
||Trade debtors|||202|200|
||Other debtors|||3,235|3,445|
||Prspayments
and accrued income|||26,342|45,101|
|||||29,779|48,746|
|12|Creditors: amounts|falling due within ons year||||
|||||2021|2020|
||||||6|
||Other creditors|||1,391|1,176|
||Accruais and deferred|income||3,880|1,320|
|||||5,271|2,496|
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|||||Movement|In funds||
|---|---|---|---|---|---|---|
||||Balance at 1|incoming|Resources|Balance at 30|
||||July 2020
f|resources
f|expended
'f|June 2021
f|
|The Beatrice Laing Trust||||5,000||5,000|
|Apsthorpe|Educational|Trust||3,028||3,028|
|The Joseph|Rank Trust|||10,000||10,000|
|||||18,028||18,028|
##
||||Movement|in funds||
|---|---|---|---|---|---|
|||Beisnce et|Ineomina|Resources|Bsienoe ei|
|||1July Sesef|nieouloes
f|expended
f|SeJufle 2S11|
|Drop-in|centre|25,000|||25,000|
|||25,000||||
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