IHANKYOUS YOUTH ENDOWMENT FUND CROYDON PAR TNERSHIP Hamnerson sratwv y @ethical o The ildhoodTrust Alleviating the impact of child poverty
.a I
REGISTERED CHARITY NUMBER: 1163335
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Child Safe Foundation
Maddox & Maddox Limited 4 Spire Place Warlingham Surrey CR6 9LW
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | Page | ||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner’s Report | 3 | ||
| Statement of Financial Activities | 4 |
||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Report of the Trustees for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Registered Charity number 1163335
Registered office CSF Office 24, 182-184 High Street, North East Ham London E6 2JA
Independent Examiner
Maddox & Maddox Limited 4 Spire Place Warlingham Surrey CR6 9LW
Dean Maxin - Trustee
Independent Examiner’s Report to the Trustees of Child Safe Foundation
Independent examiner's report to the trustees of Child Safe Foundation ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’)
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity’s gross income exceeded £250, 000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination gi\ling me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act, or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102))
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Maddox FCCA Maddox & Maddox Limited 4 Spire Place Warlingham Surrey CR6 9LW
14 December 2021
Statement of Financial Activities
for the Year Ended 31 March 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,205 Charitable activities Education and life skill development programmes 7,000 Other trading activities 2 - Investment income 3 Total 72,205 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 16,290 Total 16,290 NET INCOME 55,915 RECONCILIATION OF FUNDS Total funds broughtforward 178,081 TOTAL FUNDS CARRIED FORWARD 233,996 |
Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,205 Charitable activities Education and life skill development programmes 7,000 Other trading activities 2 - Investment income 3 Total 72,205 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 16,290 Total 16,290 NET INCOME 55,915 RECONCILIATION OF FUNDS Total funds broughtforward 178,081 TOTAL FUNDS CARRIED FORWARD 233,996 |
Restricted fund £ 411,465 511 411,976 332,847 332,847 79,129 137,182 |
31.3.21 Total funds £ 65,205 418,465 511 484,181 349,137 |
31.3.20 Total funds £ 50,414 324,705 85,923 250 461,292 1,587 219,174 |
|---|---|---|---|---|
| 16,290 | 349,137 | 220,761 | ||
| 55,915 178,081 |
135,044 315,263 |
240,531 74,732 |
||
| 233,996 | 216,311 | 450,307 | 315, 263 |
The notes form part of these financial statements
Balance Sheet 31 March 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 1,310 CURRENT ASSETS Debtors 9 Cash at bank and in hand 240,033 240,033 CREDITORS Amounts falling due within one year 10 (7,347) NET CURRENT ASSETS 232,686 TOTAL ASSETS LESS CURRENT LIABILITIES 233,996 NET ASSETS 233,996 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 5,404 2,160 230,315 232,475 (21,568) 210,907 216,311 216,311 |
31.3.21 Total funds £ 6,714 2,160 470,348 472,508 (28,915) 443,593 450,307 450,307 233,996 216,311 450,307 |
31.3.20 Total funds £ 4,308 2,180 319,916 322,096 (11,141) |
|---|---|---|---|
| 310,955 315,263 |
|||
| 315, 263 | |||
178,081 137,182 315,263 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
Dean Maxin - Trustee
The notes form part of these financial statements
Child Safe Foundation
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ’Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 ’The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
| 2. OTHER TRADING ACTIVITIES Commissioned work Commission Apprenticeship incentive Competition award 3. INVESTMENT INCOME Rents received 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.3.21 11 500 511 31.3.21 -31.3.21 2,971 |
31.3.20 84,912 11 500 500 |
|---|---|---|
| 85,923 | ||
31.3.20250 |
||
| 31.3.20 1,626 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Staff No employees received emoluments in excess of £60,000. |
31.3.21 8 |
31.3.20 8 |
|---|---|---|
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 50,414 Charitable activities Education and life skill development programmes 55,705 269,000 Other trading activities 85,918 5 Investment income 250 - Total 192,287 269,005 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 88,938 131,823 Total 88,938 131,823 NET INCOME 103,349 137,182 RECONCILIATION OF FUNDS Totalfunds broughtforward 74,732 TOTAL FUNDS CARRIED FORWARD 178,081 137,182 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 50,414 Charitable activities Education and life skill development programmes 55,705 269,000 Other trading activities 85,918 5 Investment income 250 - Total 192,287 269,005 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 88,938 131,823 Total 88,938 131,823 NET INCOME 103,349 137,182 RECONCILIATION OF FUNDS Totalfunds broughtforward 74,732 TOTAL FUNDS CARRIED FORWARD 178,081 137,182 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 50,414 Charitable activities Education and life skill development programmes 55,705 269,000 Other trading activities 85,918 5 Investment income 250 - Total 192,287 269,005 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 88,938 131,823 Total 88,938 131,823 NET INCOME 103,349 137,182 RECONCILIATION OF FUNDS Totalfunds broughtforward 74,732 TOTAL FUNDS CARRIED FORWARD 178,081 137,182 |
Total funds 50,414 324,705 85,923 250 461,292 1,587 219,174 220,761 240,531 74,732 315,263 |
|---|---|---|---|
| 131,823 137,182 |
|||
| 178,081 | 137,182 |
TANGIBLE FIXED ASSETS
11. MOVEMENT IN FUNDS
Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS At At 1.4.20 31.3.21 178,081 233,996 137,182 216,311 315,263 450,307 |
Net movement in funds 55,915 79,129 135,044 |
|---|---|
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
Incoming resources 72,205 411,976 |
Resources expended (16,290) (332,847) |
Movement in funds 55,915 79,129 |
|---|---|---|---|
| 484,181 At 1.4.19 74,732 |
(349,137) Net movement in funds 103,349 137,182 |
135,044 At 31.3.20 178,081 137,182 |
|
| 74,732 | 240,531 | 315,263 |
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
Incoming resources 192,287 269,005 461,292 |
Resources expended (88,938) (131,823) 220 761) |
Movement in funds 103,349 137,182 |
|---|---|---|---|
| 240,531 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
At 1.4.19 74,732 |
Net movemet in funds 159,264 216,311 |
At 31.3.21 233,996 216,311 |
|---|---|---|---|
| 74,732 | 375,575 | 450,307 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
Incoming resources 264,492 680,981 945,473 |
Resources expended (105, 228) (464,670) (569,898) |
Movement in funds 159,264 216,311 375,575 |
|---|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Commissioned work Commission Apprenticeship incentive Competition award Investment income Rents received Charitable activities YEF Grants Total incoming resources EXPENDITURE Raisingdonations andlegacies Fund raising expenses Othertrading activities Programme Expenses Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Carried forward |
65,205 - 11 500 - 511 380,000 38,465 418,465 484,181 10,456 241,096 17,355 3,795 691 3,873 540 2,021 6 269,377 |
50,414 84,912 11 500 500 85,923 250 269,000 55,705 324,705 461, 292 1,587 7,736 136,232 7,431 246 655 5,398 1,046 2,494 10 153,512 |
|---|---|---|
| Charitable activities | ||
|---|---|---|
| Brought forward | 269,377 | 153,512 |
| Sundries | 473 | 1,346 |
| Consultancy | 43,200 | 30,762 |
| Accountancy | 4,344 | |
| Professional fees | 300 | 1,885 |
| Counselling | 2,475 | 3,465 |
| Website IT and computer costs | 9,022 | 2,055 |
| Subscriptions | 361 | 320 |
| Travel | 592 | 1,760 |
| Cleaning | 488 | 725 |
| Staff Training | 6,050 | 4,563 |
| Repairs and renewals | 747 | 4,446 |
| Uniforms | 2,253 | 469 |
| Computer equipment | 2,971 | 1,626 |
| 338,309 | 211,279 | |
| Computer | ||
| equipment | ||
| COST | ||
| At 1 April 2020 | 6,504 | |
| Additions | 5,377 | |
| At 31 March 2021 | 11,881 | |
| DEPRECIATION | ||
| At 1 April 2020 | 2,196 | |
| Charge for year | 2,971 | |
| At 31 March 2021 | 5,167 | |
| NET BOOK VALUE | ||
| At 31 March 2021 | 6,714 | |
| At 31 March 2020 | 4,308 | |
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
| 31.3.21 | 31.3.20 | |
| Other debtors | 2,180 | |
| Prepayments | 2,160 | |
| 2,160 | 2,180 |
| 10. CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR Social security and other taxes Other creditors Accrued expenses Finance Bank charges Interest paid Total resources expended Net income |
31.3.21 26,008 958 1,949 28,915 84 288 372 349,137 135,044 |
31.3.20 8,951 30 2,160 11,141 160 - 160 220,761 240,531 |
|---|---|---|
REGISTERED CHARITY NUMBER: 1163335
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Child Safe Foundation
Maddox & Maddox Limited 4 Spire Place Warlingham Surrey CR6 9LW
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | Page | ||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner’s Report | 3 | ||
| Statement of Financial Activities | 4 |
||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Report of the Trustees for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1163335
Registered office Office 24 182-184 High Street, North East Ham London E6 2JA
Independent Examiner Maddox & Maddox Limited 4 Spire Place Warlingham Surrey CR6 9LW
Dean Maxin - Trustee
Independent Examiner’s Report to the Trustees of Child Safe Foundation
Independent examiner's report to the trustees of Child Safe Foundation ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’)
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity’s gross income exceeded £250, 000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination gi\ling me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act, or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102))
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Maddox FCCA Maddox & Maddox Limited 4 Spire Place Warlingham Surrey CR6 9LW
14 December 2021
Statement of Financial Activities
for the Year Ended 31 March 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,205 Charitable activities Education and life skill development programmes 7,000 Other trading activities 2 - Investment income 3 Total 72,205 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 16,290 Total 16,290 NET INCOME 55,915 RECONCILIATION OF FUNDS Total funds broughtforward 178,081 TOTAL FUNDS CARRIED FORWARD 233,996 |
Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,205 Charitable activities Education and life skill development programmes 7,000 Other trading activities 2 - Investment income 3 Total 72,205 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 16,290 Total 16,290 NET INCOME 55,915 RECONCILIATION OF FUNDS Total funds broughtforward 178,081 TOTAL FUNDS CARRIED FORWARD 233,996 |
Restricted fund £ 411,465 511 411,976 332,847 332,847 79,129 137,182 |
31.3.21 Total funds £ 65,205 418,465 511 484,181 349,137 |
31.3.20 Total funds £ 50,414 324,705 85,923 250 461,292 1,587 219,174 |
|---|---|---|---|---|
| 16,290 | 349,137 | 220,761 | ||
| 55,915 178,081 |
135,044 315,263 |
240,531 74,732 |
||
| 233,996 | 216,311 | 450,307 | 315, 263 |
The notes fomi part of these financial statements
Balance Sheet 31 March 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 1,310 CURRENT ASSETS Debtors 9 Cash at bank and in hand 240,033 240,033 CREDITORS Amounts falling due within one year 10 (7,347) NET CURRENT ASSETS 232,686 TOTAL ASSETS LESS CURRENT LIABILITIES 233,996 NET ASSETS 233,996 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 5,404 2,160 230,315 232,475 (21,568) 210,907 216,311 216,311 |
31.3.21 Total funds £ 6,714 2,160 470,348 472,508 (28,915) 443,593 450,307 450,307 233,996 216,311 450,307 |
31.3.20 Total funds £ 4,308 2,180 319,916 322,096 (11,141) |
|---|---|---|---|
| 310,955 315,263 |
|||
| 315, 263 | |||
178,081 137,182 315,263 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
Dean Maxin - Trustee
The notes form part of these financial statements
Child Safe Foundation
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ’Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 ’The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| Commissioned work Commission Apprenticeship incentive Competition award 3. INVESTMENT INCOME Rents received 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.3.21 11 500 511 31.3.21 -31.3.21 2,971 |
31.3.20 84,912 11 500 500 |
|---|---|---|
| 85,923 | ||
31.3.20250 |
||
| 31.3.20 1,626 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Staff | 31.3.21 8 |
31.3.20 8 |
|---|---|---|
No employees received emoluments in excess of £60,000.
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 50,414 Charitable activities Education and life skill development programmes 55,705 269,000 Other trading activities 85,918 5 Investment income 250 - Total 192,287 269,005 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 88,938 131,823 Total 88,938 131,823 NET INCOME 103,349 137,182 RECONCILIATION OF FUNDS Totalfunds broughtforward 74,732 TOTAL FUNDS CARRIED FORWARD 178,081 137,182 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 50,414 Charitable activities Education and life skill development programmes 55,705 269,000 Other trading activities 85,918 5 Investment income 250 - Total 192,287 269,005 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 88,938 131,823 Total 88,938 131,823 NET INCOME 103,349 137,182 RECONCILIATION OF FUNDS Totalfunds broughtforward 74,732 TOTAL FUNDS CARRIED FORWARD 178,081 137,182 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 50,414 Charitable activities Education and life skill development programmes 55,705 269,000 Other trading activities 85,918 5 Investment income 250 - Total 192,287 269,005 EXPENDITURE ON Raising funds Charitable activities Education and life skill development programmes 88,938 131,823 Total 88,938 131,823 NET INCOME 103,349 137,182 RECONCILIATION OF FUNDS Totalfunds broughtforward 74,732 TOTAL FUNDS CARRIED FORWARD 178,081 137,182 |
Total funds 50,414 324,705 85,923 250 461,292 1,587 219,174 220,761 240,531 74,732 315,263 |
|---|---|---|---|
| 131,823 137,182 |
|||
| 178,081 | 137,182 |
TANGIBLE FIXED ASSETS
| MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS At At 1.4.20 31.3.21 178,081 233,996 137,182 216,311 315,263 450,307 |
Net movement in funds 55,915 79,129 135,044 |
|---|---|
11. MOVEMENT IN FUNDS
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
Incoming resources 72,205 411,976 |
Resources expended (16,290) (332,847) |
Movement in funds 55,915 79,129 |
|---|---|---|---|
| 484,181 At 1.4.19 74,732 |
(349,137) Net movement in funds 103,349 137,182 |
135,044 At 31.3.20 178,081 137,182 |
|
| 74,732 | 240,531 | 315,263 |
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
Incoming resources 192,287 269,005 461,292 |
Resources expended (88,938) (131,823) 220 761) |
Movement in funds 103,349 137,182 |
|
|---|---|---|---|---|
| 240,531 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
At 1.4.19 74,732 |
Net movemen t in funds 159,264 216,311 |
At 31.3.21 233,996 216,311 |
|---|---|---|---|
| 74,732 | 375,575 | 450,307 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Endowment Fund TOTAL FUNDS |
Incoming resources 264,492 680,981 945,473 |
Resources expended (105, 228) (464,670) (569,898) |
Movement in funds 159,264 216,311 375,575 |
|---|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Commissioned work Commission Apprenticeship incentive Competition award Investment income Rents received Charitable activities YEF Grants Total incoming resources EXPENDITURE Raisingdonations andlegacies Fund raising expenses Othertrading activities Programme Expenses Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Carried forward |
65,205 - 11 500 - 511 380,000 38,465 418,465 484,181 10,456 241,096 17,355 3,795 691 3,873 540 2,021 6 269,377 |
50,414 84,912 11 500 500 85,923 250 269,000 55,705 324,705 461, 292 1,587 7,736 136,232 7,431 246 655 5,398 1,046 2,494 10 153,512 |
|---|---|---|
| Charitable activities | ||
|---|---|---|
| Brought forward | 269,377 | 153,512 |
| Sundries | 473 | 1,346 |
| Consultancy | 43,200 | 30,762 |
| Accountancy | 4,344 | |
| Professional fees | 300 | 1,885 |
| Counseling | 2,475 | 3,465 |
| Website IT and computer costs | 9,022 | 2,055 |
| Subscriptions | 361 | 320 |
| Travel | 592 | 1,760 |
| Cleaning | 488 | 725 |
| Staff Training | 6,050 | 4,563 |
| Repairs and renewals | 747 | 4,446 |
| Uniforms | 2,253 | 469 |
| Computer equipment | 2,971 | 1,626 |
| 338,309 | 211,279 | |
| Computer | ||
| equipment | ||
| COST | ||
| At 1 April 2020 | 6,504 | |
| Additions | 5,377 | |
| At 31 March 2021 | 11,881 | |
| DEPRECIATION | ||
| At 1 April 2020 | 2,196 | |
| Charge for year | 2,971 | |
| At 31 March 2021 | 5,167 | |
| NET BOOK VALUE | ||
| At 31 March 2021 | 6,714 | |
| At 31 March 2020 | 4,308 | |
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
| 31.3.21 | 31.3.20 | |
| Other | 2,180 | |
| debtors | 2,160 | |
| Prepayment | ||
| s |
| 10. CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR Social security and other taxes Other creditors Accrued expenses Finance Bank charges Interest paid Total resources expended Net income |
2,160 31.3.21 26,008 958 1,949 28,915 84 288 372 349,137 135,044 |
2,180 31.3.20 8,951 30 2,160 11,141 160 - 160 220,761 240,531 |
|---|---|---|