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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act, or
2. the accounts do not accord with those records; or
3. 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
4. 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 brought**forward
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 brought**forward
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|
|||31.3.20
`250`|
|||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
Total**funds brought**forward
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
Total**funds brought**forward
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
Total**funds brought**forward
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
Raising**donations and**legacies
Fund raising expenses
Other**trading 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 **FALLING**DUE 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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act, or
2. the accounts do not accord with those records; or
3. 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
4. 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 brought**forward
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 brought**forward
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|
|||31.3.20
`250`|
|||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
Total**funds brought**forward
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
Total**funds brought**forward
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
Total**funds brought**forward
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
Raising**donations and**legacies
Fund raising expenses
Other**trading 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 **FALLING**DUE 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|
|---|---|---|
||||