2021-10-31-accounts - St Andrews Youth Development Trust

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St Andrews Youth Development Trust

Charity No. 1169855

Company No. CE008362

Trustees' Report and Unaudited Accounts

31 October 2021

St Andrews Youth Development Trust Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report		4
Statement of Financial Activities		5
Summary Income and Expenditure Account		6
Balance Sheet		7
Statement of Cash flows		8
Notes to the Accounts	9 to	14
Detailed Statement of Financial Activities	15 to	16

Page 1

St Andrews Youth Development Trust Trustees Annual Report

St Andrews Youth Devept Art and Culture

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 October 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE008362

Charity No. 1169855

Principal Office

Frampton Park Baptist Church Community Centre Frampton Park Road London E9 7PQ

Registered Office

19 Morpeth Road Hackney London E9 7LD

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

C. FAROUK-ALHASSAN Q.A. AGBOOLA S.L. WALKER

Accountants

Julius and Julius & Ass LLP 70 Clapton Square London E5 8HW

Bankers

Nationwide 374 Mare Street London E8 1HS

Page 2

St Andrews Youth Development Trust Trustees Annual Report

OBJECTIVES AND ACTIVITIES

TO ACT AS A RESOURCE FOR CHILDREN AND YOUNG PEOPLE AGED 6-18;ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS;ADVANCING

EDUCATION;PROVIDING RECREATIONAL AND LEISURE TIME ACTIVITIES IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE

ACTIVITIES INCLUDE SPORT, HEALTH & WELL BEING; CREATIVE & DIGITAL MEDIA; MUSIC & FASHION;,ABA BOXING

ST ANDREWS YOUTH DEVELOPMENT TRUST ACT AS RESOURSE FOR CHILDREN FREE OF CHARGE

ACHIEVEMENTS AND PERFORMANCE

A large charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ...

PLANS FOR FUTURE PERIODS

A large charity's report should explain the trustees perspective of the future direction of the charity...

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Q.A. AGBOOLA Trustee 31 October 2021

Page 3

St Andrews Youth Development Trust Independent Examiners Report

Independent Examiner's Report to the trustees of St Andrews Youth Development Trust

I report to the charity trustees on my examination of the accounts of St Andrews Youth Development Trust for the year ended 31 October 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (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 charity 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

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

accounting records were not kept in accordance with 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 under 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 Charities SORP (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.

Julius and Julius and Associates LLP

70 Clapton Square London

E5 8HW 31 October 2021

Page 4

St Andrews Youth Development Trust Statement of Financial Activities

for the year ended 31 October 2021

Unrestricted funds 2021 £ 45,079 -	Total funds 2021 £ 45,079 -	Total funds 2020 £ 28,500 24
45,079 800 25,776	45,079 800 25,776	28,524 400 17,528
26,576 -	26,576 -	17,928 -
18,503 -	18,503 -	10,596 -
18,503	18,503	10,596
18,503 24,613	18,503 24,613	10,596 14,017
43,116	43,116	24,613

Page 5

St Andrews Youth Development Trust Summary Income and Expenditure Account

for the year ended 31 October 2021

Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year	2021 £ 45,079 45,079 26,576 26,576 18,503 18,503	2020 £ 28,524
		28,524
		17,928
		17,928
		10,596
		10,596

Page 6

St Andrews Youth Development Trust Balance Sheet

at 31 October 2021

at 31 October 2021
Company No. CE008362 Notes 2021 £ Current assets Cash at bank and in hand 43,515 43,515 Creditors:Amount falling due within one year 9 1 Net current assets 43,516 Total assets less current liabilities 43,516 Creditors:Amounts falling due after more than one year 10 (400) Net assets excluding pension asset or liability 43,116 Total net assets 43,116 The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds 43,116 43,116 Reserves 11 Total funds 43,116	2020 £ 24,613
	24,613 -
	24,613 24,613 -
	24,613
	24,613
	24,613
	24,613
	24,613

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 October 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 October 2021

And signed on its behalf by:

Q.A. AGBOOLA

Trustee

31 October 2021

Page 7

St Andrews Youth Development Trust Statement of Cash flows for the year ended 31 October 2021

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Increase in trade and other payables Net cash provided by operating activities Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2021 £ 18,503 399 18,902 - - 18,902 24,613 43,515 43,515 43,515	2020 £ 10,596 1
		10,573
		24

		-

		10,597
		14,016
		24,613

		24,613

		24,613

Page 8

St Andrews Youth Development Trust Notes to the Accounts

for the year ended 31 October 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

St Andrews Youth Development Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

St Andrews Youth Development Trust Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

St Andrews Youth Development Trust Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies South Hackney Parochial LB Tower Hamlet Football Foundation Victoria Park FC	Unrestricted £ 34,820 9,009 750 500 45,079	Unrestricted funds 2020 £ 28,500 24 28,524 400 17,528 17,928 10,596 10,596 10,596 14,016 24,612 Total 2021 £ 34,820 9,009 750 500 45,079	Total funds 2020 £ 28,500 24
			28,524 400 17,528
			17,928
			10,596
			10,596
			10,596 14,016
			24,612
			Total 2020 £ 28,000 500 - -
			28,500

5 Other income

Total 2021 £ - -	Total 2020 £ 24
	24

Page 12

St Andrews Youth Development Trust Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable activities Governance costs 7 Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 8 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 9 Creditors: amounts falling due within one year Accruals and deferred income	Unrestricted £ 800 800 Unrestricted £ 17,420 60 1,810 6,086 400 25,776 14,748 14,748 2021 £ (1) (1)	Total 2020 £ 400
		400
		Total 2020 £ 13,440 - 2,154 1,534 400
		17,528
		12,740
		12,740
		2020 £
		-

10 Creditors: amounts falling due after more than one year Accruals and deferred income	2021 £ 400 400	2020 £ -
		-

Page 13

St Andrews Youth Development Trust Notes to the Accounts

11 Movement in funds

Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds 12 Analysis of net assets between funds Net current assets Creditors due in more than one year and provisions 13 Reconciliation of net debt Cash and cash equivalents Net debt	Incoming resources (including other gains/losses ) £ 45,079 45,079 At 1 November 2020 £	Resources expended £ (26,576) (26,576) Unrestricted funds £ 43,516 (400) 43,116 Cash flows £	At 31 October 2021 £ 43,116
			43,116
			Total £ 43,516 (400)
			43,116
			At 31 October 2021 £
	24,613	18,902	43,515
	24,613 24,613	18,902 18,902	43,515
			43,515

14 Related party disclosures *Controlling party*

Page 14

St Andrews Youth Development Trust Detailed Statement of Financial Activities

for the year ended 31 October 2021

Income and endowments from: Donations and legacies South Hackney Parochial LB Tower Hamlet Football Foundation Victoria Park FC Other Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities Employee costs Salaries/wages Staff entertainment Temporary staff Motor and travel costs Travel and subsistence Premises costs Rent General administrative costs, including depreciation and amortisation Equipment expensed Equipment leasing and hire charges Equipment repairs and maintenance Exchange rate (gain)/loss Subscriptions Sundry expenses	Unrestricted funds 2021 £ 34,820 9,009 750 500 45,079 - - 45,079 800 800 800 14,748 2,172 500 17,420 60 60 1,810 1,810 369 51 782 1,442 100 3,342 6,086	Total funds 2021 £ 34,820 9,009 750 500 45,079 - - 45,079 800 800 800 14,748 2,172 500 17,420 60 60 1,810 1,810 369 51 782 1,442 100 3,342 6,086	Total funds 2020 £ 28,000 500 - -
			28,500
			24
			24
			28,524 400
			400
			400 12,740 700 -
			13,440
			-
			-
			2,154
			2,154
			- 60 274 1,200 - -
			1,534

Page 15

St Andrews Youth Development Trust Detailed Statement of Financial Activities

St Andrews Youth Development Trust Detailed Statement of Financial Activities
Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	400 400 25,776 26,576 - 18,503 18,503 - 18,503 24,613 43,116	400 400 25,776 26,576 - 18,503 18,503 - 18,503 24,613 43,116	400
			400

			17,528
			17,928 -
			10,596
			10,596 -
			10,596
			14,017
			24,613

Page 16