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 2021 **SHROPSHIRE YOUTH SUPPORT TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** |||**Page**| |---|---|---| |**Reference and Administrative Details**||**1**| |**Chairman's Report**|**2**|
**to**4| |**Trustees' Report**|**5**|
**to7 **| |**Independent Examiner's Report**||**8**| |**Statement of Financial Activities**||**9**| |**Statement of Financial Position**||**10**| |**Notes to the Financial Statements**|**11**|
**to17**| SHROPSHIRE YOUTH SUPPORT TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2021 TRUSTEES MrRJBBland Mr R J Clowes Mrs A J Dixon Mrs V A Hart (resigned 15.10.21) Mr C J S Johnson MrMAKPaul hAr M C Stoddart Mrs C H Thomas r R D Whitmore rs N Nichols lappoinled 20.10.201 Mr H E D Strickland REGISTERED OFFICE Unil 3a Hazeldine House Central Square Telfoid TF3 4JL REGISTERED COMPANY NUMBER 09626315 (England and Wales} REGISTERED CHARITY NUMBER 1165108 INDEPENDENT EXAMINER TCA (Shrewsbury} LLP Third Fl(K>r 21 St MaWs Street sh￿WSbury Shropshire SY1 1ED Page 1 SHROPSHIRE YOUTH SUPPORT TRUST CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2021 Background The Shropshire Youth Support Trust {SYSTI commenced operations in October 2015 al The SYST Enterprise Centre in Telford Town Centre and officially launched in Seplernber 2016. Who are we? SYST is a Charity that fo¢vses on reducing unemployTnenl by promoting enterprise, self-employmenl, and employabiSity, via a range of specialisl support measures primarily lo young people based in the lo¢al areas of Shropshire, Ttslford 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 rinancial support (provided by themsetves)- We also provide bespoke support lo schools. colleges and local authonbes highlighting the potential and difficultie5 in pursuing a career of sustainable self-employrnenl. In additi￿. seek lo provide many of the skills and knowledge that can lead people back into employment. Our Mission is lo empower our target group5 to achieve their d￿ams. lead fuffi11i￿j lives and begin their journey inlo personal and financial indepenijence. We support our dienis to make lrfe changinglenhancing choices lo help overcome any barriers lo success. Which are our Target Groups that we help? Young people aged belween 1&30. Unemplojed or economically inactive people 4ong-tem) multiple barriers. Young people aged 18-24 who are not in education. empknwnent. or training. Unemployed disa15vanlaged people le.g. homeless pe¢¥sle. people *ith drug or alcohol dependency. persistent returners to Job Seekers Alowance)- Unernployed and inaclwe people with disabilities or health con(Jitions Iparticulaty existing claimants of unemployment benefilsl. Ethnic minorities and those with English language needs. Ex-offenders. Lone Pa￿nts including those on Income Support {ISI', and Other people wth Children. including teenage parenls {18-20-year-olds}. Whal Have We Achieved So Fa In the 6 years since we launched the Shropshire Youth Support Trust ISYST) al Telford Toym Centre we have: . Helped to create over 252 newjobs in SUPFKJrbng the start of over 202 new businesses 109 have now completed their 2 years ASYSTED Business support prLYJraTnmo 8nd continued lo trade We have currenuy support over 84 ASYSTED businesses We have recruited some 19 established local businesses to provide financid aThJ menloring support lo our ASYSTOR panel Page 2 SHROPSHIRE YOUTH SUPPORT TRUST CHARMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2021 We have provided adwce and support lo over 1566 individuals via SYST organised 1-2.1 meetin9S. workshops, clinics, and group Ir8ining sessions all face lo face We currently hav8 19 a¢live volunteer mentors in Shropshire and Telford arxl W￿kIn. We have developed a strong referral nefv4ork of local stakeholdefs and partners. We are proactive in going into the community both physically and online lo promote Ouf services. How was SYST affected by Covid 197 In March 2020. when the firsl "lockdown" vras introduced, our own funds were critically low, funding and ferrals lor our programmes ceased, our Asysled businesses were impacted heavily, and we furloughed our staff. Oespite the lockdown reslriclions. we pro￿￿e￿ an enhance(i online presence promding limited suppc*rt and sought new sources of funding. In the last 12 months. we hav8 successfully applied for funds fiom new sources of finance such as the National Lottery Fund, the ESF Community Grant Schemè and the Social EnleTprise Support Fund. In the 12 months to June 2021, we have received grants of £131.839. We have reviewed and enhanced our support services to ensure we can help the growing number of unemployed young people anlicipaled to be seeking specialist help. Our programrnes and $8rvi¢es have now been lull restored as we work wlh new artners rovidin SU rt for 5ele¢led rammes. What is our Vision for tho future? We wll reach and support more of our target groups via addibonal centres. hubs and outreach programmes. W8 will obtain sustainable funding for SYST by provirjing quality progr8ms. We will increase the number of businesses occvpying SYST Enlerprise C￿tres. We will increase the number ASYSTED businesses thal we support. We will provide more inspirational workshopslclinics both within SYST Enlerprise Cenlres and in conjunction th our Partner organisations both online and face to face. We wll raise awareness of SYST activities to potential financial supporter5. We wll secur6 more Sponsors and Mentors that can be 5pecrficalty all￿ated to supwrt SYST ASYSTED businesses from Shropshire's established bJsine5ses. We wll reopen a SYST Enterprise Centre in Telford to provide Incubati￿ units and an additional Centre in the Shrewsbury. We wll develop programs to support indwiduals either in prison or within ts rmbalion semce. A Bi9 Thankyou We are especially grateful to the many supporters vtho have enabled SYST to prowde support. These include.. SYST Financial Supporters who have Provided invaluable funding lo finan￿ essential our sefvices. SYST Sponsors who have promded financi81 supwt lo"SYST AsyEted" businesses and related projects. SYST Mentors and Business Coaches who have given their time and Ihg benefit of their expertise free of ¢harg&. Page 3 SHROPSHIRE YOUTH SUPPORT TRUST CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2021 SYST Partner Organisations who have helped SYST in prowding support SeN￿s. We look torward lo working wlh all our SYST supporters in years to come. Robert Bland Chair of rustees Page 4 SHROPSHIRE YOUTH SUPPORT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2021 The trustees who are also directors of the charity for the purtK>sgs of Ihe CornpaThies Act 2006. present their report wlh the financial slalements of the chaiity for the year ended 30 June 2021. The Iruslees have adopted the provisions of Accountin9 and Reporting by Charities.. Siatemenl of Recommended Praclice 8pplicable lo Charities preparing their accounts in accordance with the Financial Reporbng Standard appli¢able in the UK and Republic of lieland {FRS 102) leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Obje¢live$ and aims The objeclives of Ihe charity are: 1. To promote the advancemenl of young people in life and to help them develop their capacities lo enable them lo become responsible members of society. in parbcular but not exdusively by.. la} providing and 5UPPOrting education. instwction or Iraining in professions. vocations, industries. crafts trades or the skills needed in employment: (b} making young people economically useful through the provision of assislancg lincluding financial assistsnce} and encouragement whist their education is being advanced as aforesaid or whilsl they are in the process ol establishing new businesses or preparing for entering upon or engaging in a profession trade. craft or service. cl relieving vnernplo ment 2. The furtherance of such other purposes as are exctusively charitable according lo the laws of England and Wales as the trustees may fiom lime lo lime delemiine 3. To support such chaiity or charities or such charitable purpose or purp)ses as th& tnjstees shall in their absolule discretion Ihink fit. Significant activities The aclivilies, achievements and future aims of the charty are set out irb the Chairnan's ReporL Publ1¢ bengflt The Trustees have given due consideration to Charity Commission published guidance on Ihe public benefit requirements. The Charity constitules a public benefil enbty as defined by FRS 102. STRATEGIC REPORT Flnanclal revlew Financial position The net result for the year was a suiplus of £53.594 12020= a deficit of £1.4371. Reserves policy 11 is the policy of the charity to maintain unrestricted funds which are a￿￿Uate to fu￿11 the objectives of the charity, and ideally lo cover at least 6 months running costs. Any surplus funds are held in inveslments or short-teim deposits to help fflaintain the income levels for future years. The free reserves al the year*nd were £58.032. being unrestricted funds less unrestricted fixed assets 12020.. £28,343). This increase includes COVID support irwme. Page 5 SHROPSHIRE YOUTH SUPPORT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2021 STRATEGIC REPORT Financial review Golng concem After making appropriale enquiries. the Trustees have a reasonable expeclation that the charity has adequate resources to ¢ontinuo in operational existence for the foreseeable fulure. For this reason. they continue to adopt ihe going concern basis in prepaiing Ihe financtal slalemenls. Further details regarding the adoption of the going concem b8Si5 can be f(xJnd in Ihe Accounting Policies. Prlnclpal rlsks and un¢ertainties The Trustees have reviewed all rnajor risks lo which the charity is ex￿$￿ and established systems to miligalo them. The Trustees have been aware of the charitys dependence on the Trustees own lime and energies, voluntarily donated. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is governed by the Memorandum of In¢otporation and Articles of Associalion at incorporation on 5th June 2015 and as amended by a special resolution re9iSte¥ed al Companies House on 18th Decembec 2015. The management ol ihe ¢harity is Ihe responsibility of the Trustees who are elected and c04)pled under the terms of Ihe Articles of Association. Organisational structure The Trustees meet on a quarterfy basis to consider issues. InductSon and tralnlng of new trust88S New Trustees are appoinled by the Trustees with referen￿ lo the needs of the charity and the particular attributes of ihe Indiv￿uals under considerabon. Induclion and Ir8ining ol new Trustees is conducted by the Trustees. K•y management remuneration The Truslees Consider the Chief ExeculNe as key fflanagemenl personnel of the charity. responsible for running and oporaling the charity on a day to day basis. l Tlustees giv8 of their lime freely and no Tnsslee remuneration or expenses were paid in the year. TRUSTEES. RESPONSIBILITY STATEMENT The Iruslees (who are also the directors of Shropshire Youth Support Tnjsl for the purposes of company lawl are responsible for preparing the Annual Report and the financial slatements in accordance with applicable law and United Kingdom Accounting Stsndards {United Kingdom Generally AC￿pIed Accounting Practice} including Financial Reporting Standard 102 The Financial Rep)rbng Slandard 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 affaiis of the charitable company and of the incoming resources and applicalion of resources. including the income and expenditure. ol the charitable cornpany for that period. In preparing those financial slatemenls. the trustees are required to select suitable accounting policies and then apply them consistenuy. observe the methods and principles in the Charity SORP.. make judgements and estimates that are reasonable and prudent.. prepare the financial slalements on the going concem basis unless il 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 2021 TRUSTEES. RESPONSIBILITY STATEMENT- contlnued The trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy al any lime the financial position of the charilable company and to enable them lo ensure thal the financial slalemenls comply with the Companies A¢1 2006. They a￿ also responsible for safeguarding the assets of the charitable company and hence for laking ceasonable steps foi ihe prevention and detection ol fraud and other iiregul8rilies. Truslees, repo directors. on 7 . incorporating a strategic reF*Nt. approved by order of the board of Irustees, as the company cember 20 nd signed on the board's behalf by. Mr R J 8 Bland - Trustee Page 7 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HR HIRE TH SUPPORT TRUST Independent examiner's rèport to thè trustèes of ShropshSre Youth Svpport Trvst Ilhe Company'} I report to the charity Iruslees on my ex8min81ion of the a¢coun15 01 the Company for the year ended 30 June 2021. Rgsponsibi1Stltrs and basis of report As the charity's trustees of the Comp8ny land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in aC￿rdance with the requ1￿mentS of the Companies Act 20061'the 2006 Acl'l. Having satisfied mysdf that the accounts ol 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 85 carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examin81ion I have followed the Difecllons given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examIne￿S statement I have completed my examination. I confimi that no matters have come lo my attention in connection wlh the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.. or Ihe accounts do not accord with those records.. or the accounts do not comply wth thè accounting rèqu1￿ments of sedion 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 independeni examination", or the accounts have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities lappli¢able lo tharities preparing their 8ceounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have come across no other matters in connection with the examination to which attenty'on should be drawn in this repofl In orLYer to enable a proper understanding of the accounts lo be reached. C MoelwTFWilli8ms FCA Bs¢ TCA Ishrewsburyl LLP Third Floor 21 Sl Mary's Street Shiewsbury Shropshi SY1 1ED Date.. ..g.kn.. LEooM4Ju' 20LI Page 8 SHROPSHIRE YOUTH SUPPORT TRUST STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2021 2021 Tolal funds 2020 Total fvnds Unreslricled fund Restricted furKIs Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5.964 78.121 84,085 106,010 Charitable activities General 44.396 87.443 131.839 3.517 Other trading actwilies Other income 300 300 12 5,225 39 Total 50.665 165.571 216.236 114.791 EXPENDITURE ON Charltable actlvltlg$ General 20.206 142.436 162,642 116.228 NET INCOMEI{EXPENDITUREI 30,459 23,135 53.594 {1,437} RECONCILIATION OF FUNDS Total funds brought forward 28,989 30,715 59.704 61.141 TOTAL FUNDS CARRIED FORWARD 59.448 53,850 113,298 59,704 CONTINUING OPERATIONS All Income and expenditure has arisen from conlinuing acbvilies. The notes fomi part of these financial statements Page 9 SHROPSHIRE YOUTH SUPPORT TRUST REGISTERED NUMBER.. 09626315 STATEMENT OF FINANCIAL POSITION 30 JUNE 2021 2021 Total funds 2020 Total funds Unreslricled fund Restricted funds Notes FIXED ASSETS Tangible assets 12 1.416 1.416 646 CURRENT ASSETS Debtors Cash at bank 13 920 111.601 920 165.451 150 62.519 53,850 112.521 53,850 166.371 62.669 CREOITORS Amounts falling due wthin one year 14 (54.4891 154.4891 13,6111 NET CURRENT ASSETS 58.032 53.850 111.882 59,058 TOTAL ASSETS LESS CURRENT LIABILITIES 59.448 53.850 113.298 59,704 NET ASSETS 59.448 53,850 113,298 59,704 FUNDS Unrestricted funds Reslri¢led funds 16 59.448 53,850 28,989 30,715 TOTAL FUNDS 113.298 59,704 The charitable company is entiued lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021. The members have not required the company lo obtain an audit of ils financial stalements for the year ended 30 June 2021 in 8¢cordancè wth Section 476 of the Companies Act 2006. The Irustees acknowledge their responsibilities for lal ensuring Ihal the charitable company keeps aCc￿n￿ng records Ihal comply wth Sections 386 and 387 of the Companies Act 2006 and (bl preparing financial slalements which gwe a true and fair wew of the stale of affairs of the charitable company as al the end of each finan¢i81 year and of its surplus or defial for each financial year in accordance with the requirements of Sections 394 and 395 and which othemse comply wlh the requirements of the Companies Act 2006 ￿lating lo financial slalemenls, so lar as applicable lo the charitable company. Those finanaal statements have been p￿pared in accordance with the pro￿ls1On$ applicable lo charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 7 Decembe 021 and we signed on 115 ￿half by". MrRJB land - Trust The notes fomi part of these financial stalernents Page 10 SHROPSHIRE YOUTH SUPPORT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 ACCOUNTING POLICIES Basls of pr•parln9 the financlal statements The financial statemenls of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reptsrting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial RepoTbng Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191., Finanoal Reportlng Siandard 102'The Financial Reporting Standard 8ppli¢able in the UK and Republic ol Ireland. and Ihe Companies Act 2006. The financial statements have been prepared und&r the historical cosl convention. Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the disclosure exemptions for staternenl of cash flows and rinancial instruments as permitted by FRS 102. Income All income is recognised in the Slalemenl of Financial Activities once the charity has enlillemenl lo the funds. it is probable that the income wll be received and the amount can be measured reliably. Expenditure Liabilitie5 are recognised 8$ expenditure as s¢)on as there is a legal or constructive oblHJation committino the charity lo that expenditure. il is probable that a transfer ol economic benefits will be required in setuemenl and the amounl of the obligation can be measured reliably. Expenditure is r headin sthala re ale all cost relaled to the category. Where costs cannot be direcuy attributed to particular headings they have b8&n allocated to acliviu'es on a basis consistent wth the use of resources. Grants offered subject to conditions which have not been met al Ihe year end dale are noted as a commitment but not accrued a5 expenditure. Tanglblg flxgd asséts Deprecialion is provided at the following annual rale5 in order to write olf each asset over its estimated useful life. Computer equiprnenl- 33% straight line Fixtures and fittings 33% slraighl line Taxatlon The charity is exempl from corporation tax on its charitable activities. Fund accounting Unrestricled lunds can be use(5 in accordance wtth the charttable 0￿.ectiveS al the discretion of the trustees. Restricted funds can only be used for p8rbcular restricte(I purposes wthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslricled PLsrposes. Further explanation of the nature and purKK>se of each fund ss induded in the notes to the financial statements. Page 11 continued... SHROPSHIRE YOUTH SUPPORT TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 30 JUNE 2021 DONATIONS AND LEGACIES 2021 2020 Donations Gift aid Furlough paymenls received 73.832 2.709 7,544 106.010 84,085 106.010 OTHER TRADING ACTIVITIES 2021 2020 Rent received 300 5.225 INCOME FROM CHARITABLE ACTIVITIES 2021 2020 Activity General Grants 131.839 3,517 GENEFiAL EXPENSES Direct C051s Isee note 61 General 162.642 DIRECT COSTS OF CHARITABLE ACTIVITIES 2021 2020 Staff costs Insurance Light and heat Telephone Postage and stalionery Marketin9 Sundries Rent, Rates & Premises Internet Travel Accountancy Consultancy Service5 Office expenses Subscriptions Depreciation 110.974 550 1.578 3.271 322 7,280 1,343 8,281 4,195 26 2,488 20,826 76,227 555 4,185 2.144 611 694 557 7.243 1.417 415 1.974 12,340 1,339 579 929 645 162.642 110,346 Page 12 continued... SHROPSHIRE YOUTH SUPPORT TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2021 GRANTS PAYABLE 2021 2020 Gener81 5.882 The total granis paid lo institutions during the year was as follows: 2021 2020 General 5.882 NET INCOMEI{EXPENDITUREI Nel incomel(expendilurel is slated 8fter ch8rgingl{crediting)= 2021 2020 Depreciation - owned assets 929 645 TRUSTEES. REMUNEIiATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020. Trust•es' expenses There were no trustees, expenses paid for the year ended 31) June 2021 nor for the year ended 30 June 2020. 10. STAFF COSTS 2021 2020 Wages and salaries 110.974 76,227 110.974 78,227 The average monthly number of employees during the year was a5 folluws: 2021 2020 Adminislralion No employees received emoluments in excess of £60,(W. Page 13 continued... SHROPSHIRE YOUTH SUPPORT TRUST NOTES TO THE FINANCIAL STATEMENTS- continu¢d FOR THE YEAR ENDED 30 JUNE 2021 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted Restrictèd fur¥J funds Total funds INCOME AND ENDOWMENTS FROM Donations and lega￿e5 91.010 15.000 106.010 Charitable activities General 3,517 3,517 Other Ira(Sing aclwilies Other income 5.225 5,225 39 Total 99,753 15.038 114,791 EXPENDITURE ON Charltable actlvltl¢$ General 110.346 5.882 116,228 NET INCOMEIIEXPENDITUREI (10.5931 9.156 11,4371 RECONCILIATION OF FUNDS Total funds brought forward 39.582 21.559 61.141 TOTAL FUNDS CARRIED FORWARD 28.989 30,715 59,704 12. TANGIBLE FIXED ASSETS Fixiures and ffttin9S Computer equipment Totals COST Al 1 July 2020 Additiorbs 624 1.312 1,699 1,936 1,699 AI 30 June 2021 624 3,011 3,635 DEPRECIATION Al 1 July 2020 Charge for year 416 208 874 721 1.290 929 AI 30 June 2021 624 1.595 2.219 NET BOOK VALUE At 30 June 2021 1.416 1.416 At 30 June 2020 438 646 Page 14 continued... SHROPSHIRE YOUTH SUPPORT TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDEO 30 JUNE 2021 13. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade debtors Pfepaymenls 100 820 150 920 150 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Bank loans and overdrafts (see note 151 Trade creditors Other creditors Accrued expenses 50.000 477 410 3.602 560 3.051 54.489 3.611 In August 2020 the charitable (x)mpany successfulty applied for a BOU￿ Bank loan - this was repaid in full after the 2021 financial year end. 15. LOANS analy3is of the maturity of loans is given below.. 2021 2020 Amounts falling due within one year on demand: Bank loans 50.000 16. MOVEMENT IN FUNDS Nel movement in funds Al 30.6.21 Al 1.7.20 Unrestricled funds General lund 28,989 30.459 59.448 Restricted fund5 Asyslor Fund Restricted Grant funds 30.715 2,507 20.628 33,222 20.628 30,715 23,135 53.850 TOTAL FUNDS 59.704 53.594 113.298 Page 15 continued... SHROPSHIRE YOUTH SUPPORT TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2021 16. MOVEMENT IN FUNDS- continued Net movement in funds, Include(J in the 8bove are as follows.. Incoming reSoU￿S Resources expended Movement in funds Unrestri¢ted funds General fijnd 120,2061 30,459 Restri¢ted funds Asystor Fund Reslricled Grant funds 2.507 163.064 2,507 20.628 1142.4361 165.571 (142.436) 23,135 TOTAL FUNDS 216,236 1162.642) 53,594 Comparatives for movgment In funds Nel vement in fut7ds Al 30.6.20 At 1.7.19 unrèstrI￿¢d funds General fund 39.582 {10.593) 28.989 Restricted funds Asystor Fund 21.559 9.156 30.715 TOTAL FUNDS 61,141 {1.437) 59,704 Comparative net movement in funds. indud8d in the al)ove are as fdlo¥%s: Incoming resources Resources expended Movement in funds Unr¢strl¢ted funds General fund 99.753 (110.3461 110,5931 R8Stricted funds Asystor Fund 15.038 15,8821 9.756 TOTAL FUNDS 114.791 (116.2281 11,4371 Page 16 continued... SHROPSHIRE YOUTH SUPPORT TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined positsn is as follows.. Nel movemenl in funds Al 30.6.21 Al 1.7.19 Unreslri¢ted fund$ General fund 39.582 19,866 59.448 Restricted funds Asyslor Fund Restricted Grant funds 21.559 11,663 20,628 33,222 20,628 21.559 32,291 53,850 TOTAL FUNDS 61.141 52.157 113,298 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are a5 follows- Incomin resources Resources expended Movement in funds Unrestricted funds General fund 150.418 {130.5521 19,866 R¥$tri¢t¢d fund$ Asystor Fund Restricted Grant funds 17,545 163.064 15.8821 {142.4361 11.663 20.628 180.609 {148.3181 32.291 TOTAL FUNDS 331.027 {278,8701 52.157 The Asyslor Fund is a restricted fund for allocation to suc(*ssfvl Asy51ed businesses applying for financial support. The Grant Fund relates lo restricted grant In￿Me received - al the year end the￿ was a balance held from Ihe Expat Foundalion which wll be spent in the next financial year. 17. RELATED PARTY DISCLOSURES During the year payments of £204 were paid to Dyke Yaxley. Mrs C H Thomas. Trustee. vras an ernployee of Dyke Yaxley during the year There were no other related party transactions for the year erKfed 30 June 2021 12020.. £nill. Page 17