**REGISTERED COMPANY NUMBER: 09626315 (England and Wales) REGISTERED CHARITY NUMBER: 1165108** SHROPSHIRE YOUTH SUPPORT TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 SHROPSHIRE YOUTH SUPPORT TRUST ## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Chairman's Report**|2|to|4| |**Trustees' Report**|5|to|7| |**Independent Examiner's Report**||8|| |**Statement of Financial Activities**||9|| |**Statement of Financial Position**||10|| |**Notes to the Financial Statements**|11|to|17| |**Detailed Statement of Financial Activities**||18|| SHROPSHIRE YOUTH SUPPORT TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2020 ## **TRUSTEES** Mr R J B Bland Mr R J Clowes Mrs A J Dixon Mrs V A Hart (appointed 19.9.19) Mr R C Hughes (resigned 16.9.19) Mr C J S Johnson Mr R D Kenyon-Slaney Mr M A K Paul Mr M C Stoddart Mrs C H Thomas (appointed 18.9.19) Mr R D Whitmore Mrs N Nichols (appointed 20.10.20) Mr H E D Strickland (appointed 24.6.20) **REGISTERED OFFICE** Unit 3a Hazeldine House Central Square Telford TF3 4JL **REGISTERED COMPANY** 09626315 (England and Wales) **NUMBER REGISTERED CHARITY** 1165108 **NUMBER INDEPENDENT EXAMINER** TCA (Shrewsbury) LLP 4 Claremont Bank Shrewsbury Shropshire SY1 1RW Page 1 SHROPSHIRE YOUTH SUPPORT TRUST ## CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2020 ## **Background** The Shropshire Youth Support Trust (SYST) commenced operations in October 2015 at The SYST Enterprise Centre in Telford Town Centre and officially launched in September 2016. ## **Who are we?** SYST is a Charity that focuses on reducing unemployment by promoting enterprise, self-employment, and employability, via a range of specialist support measures primarily to young people based in the local areas of Shropshire, Telford and Wrekin and the Marches. These measures are contained within our SYST ASYSTED BUSINESS 2 Year Programme which includes training, workshops, clinics, subsidised accommodation as well as access to both mentors and The ASYSTOR panel operated by established local businesses to sense check strategy and direction and provide financial support (provided by themselves). We also provide bespoke support to schools, colleges and local authorities highlighting the potential and difficulties in pursuing a career of sustainable self-employment. In addition, we seek to provide many of the skills and knowledge that can lead people back into employment. Our Mission is to empower our target groups to achieve their dreams, lead fulfilling lives and begin their journey into personal and financial independence. We support our clients to make life changing/enhancing choices to help overcome any barriers to success. ## **Which are our Target Groups that we help?** Young people aged between 15-30; Unemployed or economically inactive people -long-term with multiple barriers; Young people aged 18-24 who are not in education, employment, or training; Unemployed disadvantaged people (e.g. homeless people, people with drug or alcohol dependency, persistent returners to Job Seekers Allowance); Unemployed and inactive people with disabilities or health conditions (particularly existing claimants of unemployment benefits); Ethnic minorities and those with English language needs; Ex-offenders; Lone parents including those on Income Support (IS); and Other people with children, including teenage parents (18-20-year-olds). ## **What have we achieved so far?** In the 5 years since we launched the Shropshire Youth Support Trust (SYST) at Telford Town Centre we have: - Helped to create over 197 new jobs in supporting the start of over 167 new businesses 89 have now completed their 2 years ASYSTED Business support programme and continued to trade We currently support over 130 ASYSTED businesses Page 2 SHROPSHIRE YOUTH SUPPORT TRUST ## CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2020 We have recruited some 15 established local businesses to provide financial and mentoring support to our ASYSTOR panel We have provided advice and support to over 1055 individuals via SYST organised 1-2-1 meetings, workshops, clinics, and group training sessions all face to face We currently have 28 volunteer mentors in Shropshire and Telford and Wrekin We have developed a strong referral network of local stakeholders and partners We are proactive in going into the community both physically and online to promote our services ## **How was SYST affected by Covid 19?** In March 2020, when the first "lockdown" was introduced, our own funds were critically low, funding and referrals for our programmes ceased, our Asysted businesses were impacted heavily and we furloughed our staff. Despite the lockdown restrictions, we provided an enhanced online presence providing limited support and sought new sources of funding Since then, we have successfully applied for funds from the National Lottery Fund, the ESF Community Grant Scheme and the Social Enterprise Support Fund. We have reviewed and enhanced our support services to ensure we can help the growing number of unemployed young people anticipated to be seeking specialist help in the coming months. Our programmes and services have now been fully restored as we work with new partners providing support. ## **What is our Vision for the future?** We will reach and support more of our target groups via additional centres, hubs and outreach programmes We will obtain sustainable funding for SYST by providing quality programs We will increase the number of businesses occupying SYST Enterprise Centres We will increase the number ASYSTED businesses that we support We will provide more inspirational workshops/clinics both within SYST Enterprise Centres and in conjunction with our partner organisations both online and face to face We will raise awareness of SYST activities to potential financial supporters We will secure more Sponsors and Mentors that can be specifically allocated to support SYST ASYSTED businesses from Shropshire's established businesses We will reopen a SYST Enterprise Centre in Telford to provide incubation units and an additional Centre in Shrewsbury We will develop programs to support individuals either in prison or within the probation service ## **A Big Thank You** We are especially grateful to the many supporters who have enabled SYST to provide support. These include: SYST Financial Supporters who have provided invaluable funding to finance essential our services SYST Sponsors who have provided financial support to "SYST Asysted" businesses and related projects Page 3 SHROPSHIRE YOUTH SUPPORT TRUST ## CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2020 SYST Mentors and Business Coaches who have given their time and the benefit of their expertise free of charge SYST Partner Organisations who have helped SYST in providing support services We look forward to working with all our SYST supporters in years to come. ## **Robert Bland Chair of Trustees** Page 4 SHROPSHIRE YOUTH SUPPORT TRUST ## TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2020 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 30 June 2020. 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of the charity are: 1. To promote the advancement of young people in life and to help them develop their capacities to enable them to become responsible members of society, in particular but not exclusively by: (a) providing and supporting education, instruction or training in professions, vocations, industries, crafts trades or the skills needed in employment; (b) making young people economically useful through the provision of assistance (including financial assistance) and encouragement whist their education is being advanced as aforesaid or whilst they are in the process of establishing new businesses or preparing for entering upon or engaging in a profession trade, craft or service; (c) relieving unemployment 2. The furtherance of such other purposes as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine 3. To support such charity or charities or such charitable purpose or purposes as the trustees shall in their absolute discretion think fit. ## **Significant activities** The activities, achievements and future aims of the charity are set out in the Chairman's Report. ## **Public benefit** The Trustees have given due consideration to Charity Commission published guidance on the public benefit requirements. The Charity constitutes a public benefit entity as defined by FRS 102. ## **STRATEGIC REPORT** ## **Financial review** ## **Financial position** The net result for the year was a deficit of £1,437 (2019: a deficit of £37,798). ## **Reserves policy** It is the policy of the charity to maintain unrestricted funds which are adequate to fulfil the objectives of the charity, and ideally to cover at least 6 months running costs. Any surplus funds are held in investments or short-term deposits to help maintain the income levels for future years. The free reserves at the year-end were £28,343, being unrestricted funds less unrestricted fixed assets (2019: £38,291). This is slightly under 6 months running costs, but the charity is in the process of securing significant new training contracts and is confident that reserves will soon build up to the desired level. Page 5 SHROPSHIRE YOUTH SUPPORT TRUST ## TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2020 ## **STRATEGIC REPORT Financial review** ## **Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. ## **Principal risks and uncertainties** The Trustees have reviewed all major risks to which the charity is exposed and established systems to mitigate them. The Trustees have been aware of the charity's dependence on the Trustees own time and energies, voluntarily donated. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is governed by the Memorandum of Incorporation and Articles of Association at incorporation on 5th June 2015 and as amended by a special resolution registered at Companies House on 18th December 2015. ## **Recruitment and appointment of new trustees** The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. ## **Organisational structure** The Trustees meet on a quarterly basis to consider issues. ## **Induction and training of new trustees** New Trustees are appointed by the Trustees with reference to the needs of the charity and the particular attributes of the individuals under consideration. Induction and training of new Trustees is conducted by the Trustees. ## **Key management remuneration** The Trustees consider the Chief Executive as key management personnel of the charity, responsible for running and operating the charity on a day to day basis. All Trustees give of their time freely and no Trustee remuneration or expenses were paid in the year. ## **TRUSTEES' RESPONSIBILITY STATEMENT** The trustees (who are also the directors of Shropshire Youth Support Trust for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Page 6 SHROPSHIRE YOUTH SUPPORT TRUST ## TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2020 ## **TRUSTEES' RESPONSIBILITY STATEMENT - continued** The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 11 December 2020 and signed on the board's behalf by: Mr R J B Bland - Trustee Page 7 INDEPENDENT EXAMINEFfs REPORT TO ThE TRUSTEES OF SHROPSHIRE YOUTH SUPPORT TRUST Indepondgnt oxaminerf$ rgportto the trustegs of Shropshire Youth Support Trust (Ihe Company'l I report lo the tharity trustee5 on my examination of the ac£ounts of the Company for the year ended 30 June2020. Responsibilities and basis of report As the charty's trustees of the Company larMI also its directors for the purposes of company Lqwl you are responsible for the preparation of the accounts in accordance with the WUiTements of the Companies Act 20061'lhe 2006 ACYI. Having Satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eluible for independent examination. I report in respect of my examination of your Charty's accounts as carried out under secb'on 145 of the Charibes Act 2011 1.the 2011 Ac¥}. In carrying out my examination I have followed the Direclions given by the Chanty CommisSK￿ under 145{5) Ib) of the 2011 Act. Independent examinerfs statement I have compSeled my exafflinatKJn. I ¢0￿M tha no matters have o)me to my attention in wnecbon Trmth the examinab.on giving me CAuse to belEve.' accounting recL)rd5 were not kept in reswt of Ihe Ccxnpany as required by seth.on 386 of the 20C6 Act.. or the ac£ounts do not al￿{￿ with those re(>)￿$", or the accounts do not compty with the accounting requirements of section 396 of Ihe 2006 Act other than any requirement that the acLounts give a true and fair view whth is not a matter (r)nsidered as part of an independent examination., or the accounts have not t*en prepared in ￿1rdance with the methods and principles of the Statement of Recommended Prath.￿ for aozounting and rwrts.ng by charitses (applicable to charib.es preparing their a(uunts in aC￿rdance with the Financial Reporb"ng Standard applicable in the UK and Republic of Ire￿nd IFRS 10211. I have no eontsms and have come aeross no other matters in connection wtih the examination to which attention should be drawn in this report in order lo enable a proFer understsnding of the accounts to be reached. C MoeLLL ll-￿, lU￿,j C Moewn-wlliams FCA Bsc TCA Ishrewsburyl LLP 4 CSaremonl Bank Shrewsbury Shropshire SY1 1RW Date. ...2.6th.. UQ&i.u.(kn. 2021 Page 8 SHROPSHIRE YOUTH SUPPORT TRUST ## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2020 |Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
91,010
Charitable activities
4
General
3,517
Other trading activities
3
5,225
Other income
1
Total
99,753
EXPENDITURE ON
Charitable activities
5
General
110,346
NET INCOME/(EXPENDITURE)
(10,593)
RECONCILIATION OF FUNDS
Total funds brought forward
39,582
TOTAL FUNDS CARRIED FORWARD
28,989|Restricted
funds
£
15,000
-
-
38
15,038
5,882
9,156
21,559
30,715|2020
Total
funds
£
106,010
3,517
5,225
39
114,791
116,228
(1,437)
61,141
59,704|2019
Total
funds
£
39,205
-
15,740
49
54,994
92,792
(37,798)
98,939
61,141| |---|---|---|---| ## CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 9 ## SHROPSHIRE YOUTH SUPPORT TRUST (REGISTERED NUMBER: 09626315) ## STATEMENT OF FINANCIAL POSITION 30 JUNE 2020 |Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
12
646
-
CURRENT ASSETS
Debtors
13
150
-
Cash at bank
31,804
30,715
31,954
30,715
CREDITORS
Amounts falling due within one year
14
(3,611)
-
NET CURRENT ASSETS
28,343
30,715
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,989
30,715
NET ASSETS
28,989
30,715
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS|2020
Total
funds
£
646
150
62,519
62,669
(3,611)
59,058
59,704
59,704
28,989
30,715
59,704|2019
Total
funds
£
1,291
1,040
59,464
60,504
(654)
59,850
61,141
61,141
39,582
21,559
61,141| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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. The financial statements were approved by the Board of Trustees and authorised for issue on 11 December 2020 and were signed on its behalf by: Mr R J B Bland - Trustee The notes form part of these financial statements Page 10 SHROPSHIRE YOUTH SUPPORT TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 ## 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. ## Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the disclosure exemptions for statement of cash flows and financial instruments as permitted by FRS 102. ## 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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 33% straight line Fixtures and fittings - 33% straight line ## 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. Page 11 continued... SHROPSHIRE YOUTH SUPPORT TRUST ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020 |2.
DONATIONS AND LEGACIES
Donations
3.
OTHER TRADING ACTIVITIES
Rent received
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
General
5.
GENERAL EXPENSES
General
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Insurance
Light and heat
Telephone
Postage and stationery
Marketing
Sundries
Rent, Rates & Premises
Internet
Travel
Accountancy
Consultancy Services
Office expenses
Depreciation|Direct
Costs (see
note 6)
£
110,346|2020
£
106,010
2020
£
5,225
2020
£
3,517
Grant
funding of
activities
(see note
7)
£
5,882
2020
£
76,227
555
4,185
2,144
611
694
557
7,243
1,417
415
1,974
12,340
1,339
645
110,346||2019
£
39,205|2019
£
39,205| |---|---|---|---|---|---| ||||2019
£
15,740
2019
£
-
Totals
£
116,228|2019
£
15,740|| ||||||2019
£
-| ||||2019
£
59,591
312
1,876
1,880
-
2,697
1,466
10,160
1,360
1,174
1,581
1,200
1,349
645||| ||||85,291||| Page 12 continued... SHROPSHIRE YOUTH SUPPORT TRUST ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020 ## 7. GRANTS PAYABLE |7.|GRANTS PAYABLE||| |---|---|---|---| |||2020|2019| |||£|£| ||General|5,882|7,501| ||The total grants paid to institutions during the year was as follows:||| |||2020|2019| |||£|£| ||General||| |||5,882|7,501| |8.|NET INCOME/(EXPENDITURE)||| ||Net income/(expenditure) is stated after charging/(crediting):||| |||2020|2019| |||£|£| ||Depreciation - owned assets|645|645| 9. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 30 June 2020 nor for the year ended 30 June 2019. ## Trustees' expenses There were no trustees' expenses paid for the year ended 30 June 2020 nor for the year ended 30 June 2019. ## 10. STAFF COSTS |STAFF COSTS||| |---|---|---| |Wages and salaries
The average monthly number of employees during the year was as follows:
Administration
No employees received emoluments in excess of £60,000.|2020
£
76,227
76,227
2020
2|2019
£
59,591| |||59,591| |||2019
1| During the year there were 1 full time and 2 part time members of staff. Page 13 continued... SHROPSHIRE YOUTH SUPPORT TRUST ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020 |11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
36,705
2,500
Other trading activities
15,740
-
Other income
-
49
Total
52,445
2,549
EXPENDITURE ON
Charitable activities
General
85,291
7,501
NET INCOME/(EXPENDITURE)
(32,846)
(4,952)
RECONCILIATION OF FUNDS
Total funds brought forward
72,428
26,511
TOTAL FUNDS CARRIED FORWARD
39,582
21,559
12.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 July 2019 and 30 June 2020
624
1,312
DEPRECIATION
At 1 July 2019
208
437
Charge for year
208
437
At 30 June 2020
416
874
NET BOOK VALUE
At 30 June 2020
208
438
At 30 June 2019
416
875|Total
funds
£
39,205
15,740
49
54,994
92,792
(37,798)
98,939
61,141
Totals
£
1,936
645
645
1,290
646
1,291| |---|---| Page 14 continued... SHROPSHIRE YOUTH SUPPORT TRUST ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020 |13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accrued expenses
15.
MOVEMENT IN FUNDS
At 1.7.19
£
Unrestricted funds
General fund
39,582
Restricted funds
Asystor Fund
21,559
TOTAL FUNDS
61,141
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
99,753
Restricted funds
Asystor Fund
15,038
TOTAL FUNDS
114,791|2020
2019
£
£
150
1,040
2020
2019
£
£
560
150
3,051
504
3,611
654
Net
movement
At
in funds
30.6.20
£
£
(10,593)
28,989
9,156
30,715
(1,437)
59,704
Resources
Movement
expended
in funds
£
£
(110,346)
(10,593)
(5,882)
9,156
(116,228)
(1,437)| |---|---| Page 15 continued... SHROPSHIRE YOUTH SUPPORT TRUST ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020 ## 15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds |||Net|| |---|---|---|---| |||movement|At| ||At 1.7.18|in funds|30.6.19| ||£|£|£| |Unrestricted funds|||| |General fund|72,428|(32,846)|39,582| |Restricted funds|||| |Asystor Fund|26,511|(4,952)|21,559| |TOTAL FUNDS|98,939|(37,798)|61,141| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |Unrestricted funds|||| |General fund|52,445|(85,291)|(32,846)| |Restricted funds|||| |Asystor Fund|2,549|(7,501)|(4,952)| |TOTAL FUNDS|54,994|(92,792)|(37,798)| A current year 12 months and prior year 12 months combined position is as follows: |Unrestricted funds
General fund
Restricted funds
Asystor Fund
TOTAL FUNDS|Net
movement
At 1.7.18
in funds
£
£
72,428
(43,439)
26,511
4,204
98,939
(39,235)|At
30.6.20
£
28,989
30,715| |---|---|---| |||59,704| Page 16 continued... SHROPSHIRE YOUTH SUPPORT TRUST ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020 ## 15. MOVEMENT IN FUNDS - continued 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
Asystor Fund
TOTAL FUNDS|Incoming
resources
£
152,198
17,587
169,785|Resources
Movement
expended
in funds
£
£
(195,637)
(43,439)
(13,383)
4,204
(209,020)
(39,235)| |---|---|---| The Asystor Fund is a restricted fund for allocation to successful Asysted businesses applying for financial support. ## 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 June 2020 (2019: £nil). Page 17