St Andrews Youth Development Trust
Charity No. 1169855
Company No. CE008362
Trustees' Report and Unaudited Accounts
31 October 2023
St Andrews Youth Development Trust Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Summary Income and Expenditure Account | 5 | |
| Balance Sheet | 6 | |
| Statement of Cash flows | 7 | |
| Notes to the Accounts | 8 | |
| Detailed Statement of Financial Activities | 9 |
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 2023.
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
==> picture [298 x 55] intentionally omitted <==
Accountants
Julius and Julius and Associates LLP 70 Clapton Square London E5 8HW
Bankers
TSB Bank 404 Bethnal , Green London E2 0AH Address Line 5
OBJECTIVES AND ACTIVITIES
Page 2
St Andrews Youth Development Trust Trustees Annual Report
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
A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...
A larger charity must provide an explanation how the achievement of its aims will further its legal purposes...
A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives...
A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...
A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives...
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 2023
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 financial statements of St Andrews Youth Development Trust for the year ended 31 October 2023.
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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements 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 financial statements 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:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements 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 financial statements to be reached.
Olufemi Fajebe ACA/ICAEW Julius and Julius and Associates LLP 70 Clapton Square London
E5 8HW 31 October 2023
Page 4
St Andrews Youth Development Trust Statement of Financial Activities
for the year ended 31 October 2023
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Others- Corporate Bodies 6 Total Expenditure on: Charitable activities 7 Administrative Expenses 8 Total Net gains on investments Net income Transfers between funds 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 |
Unrestricted funds 2023 £ 27,884 68,718 1,000 |
Restricted funds 2023 £ - - - |
Total funds 2023 £ 27,884 68,718 1,000 |
Total funds 2022 £ 38,758 85,930 3,100 |
|---|---|---|---|---|
| 97,602 - 37,208 |
- 20,000 - |
97,602 20,000 37,208 |
127,788 70,000 49,840 |
|
| 37,208 - |
20,000 - |
57,208 - |
119,840 - |
|
| 60,394 - |
(20,000) - |
40,394 - |
7,948 - |
|
| 60,394 | (20,000) | 40,394 | 7,948 | |
| 60,394 - |
(20,000) 51,064 |
40,394 51,064 |
7,948 43,116 |
|
| 60,394 | 31,064 | 91,458 | 51,064 |
Page 5
St Andrews Youth Development Trust Summary Income and Expenditure Account
for the year ended 31 October 2023
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2023 £ 97,602 97,602 57,208 57,208 40,394 40,394 |
2022 £ 127,788 |
|---|---|---|
| 127,788 | ||
| 119,840 | ||
| 119,840 | ||
| 7,948 | ||
| 7,948 |
Page 6
St Andrews Youth Development Trust Balance Sheet
at 31 October 2023
| Company No. CE008362 Notes 2023 £ Fixed assets Tangible assets 10 24,000 24,000 Current assets Cash at bank and in hand 206,270 206,270 Net current assets 206,270 Total assets less current liabilities 230,270 Creditors:Amounts falling due after more than one year 11 (138,812) Net assets excluding pension asset or liability 91,458 Total net assets 91,458 The funds of the charity Restricted funds 12 Restricted income funds 31,064 31,064 Unrestricted funds 12 General funds 60,394 60,394 Reserves 12 Total funds 91,458 |
2022 £ - |
|---|---|
| - 121,664 |
|
| 121,664 | |
| 121,664 121,664 (70,600) |
|
| 51,064 | |
| 51,064 | |
| 51,064 | |
| 51,064 - |
|
| - | |
| 51,064 |
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 2023 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 2023
And signed on its behalf by:
Q.A. AGBOOLA Trustee
31 October 2023
Page 7
St Andrews Youth Development Trust Statement of Cash flows for the year ended 31 October 2023
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Other Income Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Other Income Net cash used in 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 |
2023 £ 40,394 (1,000) 68,212 107,606 (24,000) 1,000 (23,000) - 84,606 121,664 206,270 206,270 206,270 |
2022 £ 7,948 - 70,000 |
|---|---|---|
| 77,948 - - |
||
| - | ||
| - | ||
| 77,948 | ||
| 43,515 | ||
| 121,463 | ||
| 121,664 | ||
| 121,664 |
Page 8
St Andrews Youth Development Trust Notes to the Accounts
for the year ended 31 October 2023
- 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
| Income and endowments from: Donations and legacies Charitable activities 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 Victoria Park FC 5 Income from charitable activities Haringey Council LB Hackney London Borough Enfield |
Unrestricted funds 2022 £ 38,758 85,930 3,100 127,788 70,000 49,840 119,840 7,948 7,948 7,948 - 7,948 Unrestricted £ 7,230 14,715 5,939 27,884 Unrestricted £ - 49,580 19,138 68,718 |
Restricted funds 2022 £ - - - - - - - - - - 43,116 43,116 Total 2023 £ 7,230 14,715 5,939 27,884 Total 2023 £ - 49,580 19,138 68,718 |
Total funds 2022 £ 38,758 85,930 3,100 |
|---|---|---|---|
| 127,788 70,000 49,840 |
|||
| 119,840 | |||
| 7,948 | |||
| 7,948 | |||
| 7,948 43,116 |
|||
| 51,064 | |||
| Total 2022 £ 14,461 21,935 2,362 |
|||
| 38,758 | |||
| Total 2022 £ 39,530 26,240 20,160 |
|||
| 85,930 |
Page 12
St Andrews Youth Development Trust Notes to the Accounts
6 Other income
| Corporate Samuel Butler 7 Expenditure on charitable activities Expenditure on charitable activities Food Project 8 Other expenditure Wages Cost Motor and travel costs Premises costs General administrative costs Bookkeeping & Accountancy 9 Staff costs Wages No employee received emoluments in excess of £60,000. 10 Tangible fixed assets Cost or revaluation Additions At 31 October 2023 Net book values At 31 October 2023 |
Unrestricted £ - 1,000 1,000 |
Total 2023 £ - 1,000 1,000 |
Total 2022 £ 3,100 - |
|---|---|---|---|
| 3,100 | |||
| Restricted £ 20,000 20,000 Unrestricted £ 21,505 1,673 - 13,430 600 37,208 2023 15,980 15,980 |
Total 2023 £ 20,000 20,000 Total 2023 £ 21,505 1,673 - 13,430 600 37,208 £ 24,000 24,000 24,000 |
Total 2022 £ 70,000 |
|
| 70,000 | |||
| Total 2022 £ 26,299 1,067 9,090 10,934 2,450 |
|||
| 49,840 | |||
| 2022 24,415 |
|||
| 24,415 | |||
| £ 24,000 |
|||
| 24,000 | |||
| 24,000 |
Page 13
St Andrews Youth Development Trust Notes to the Accounts
11 Creditors:
| amounts falling due after more than one year Accruals Deferred income 12 Movement in funds At 1 November 2022 Restricted funds: Restricted income funds: 51,064 Total 51,064 Unrestricted funds: General funds - Total funds 51,064 13 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 14 Reconciliation of net debt Cash and cash equivalents Net debt |
amounts falling due after more than one year Accruals Deferred income 12 Movement in funds At 1 November 2022 Restricted funds: Restricted income funds: 51,064 Total 51,064 Unrestricted funds: General funds - Total funds 51,064 13 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 14 Reconciliation of net debt Cash and cash equivalents Net debt |
2023 £ 600 138,212 138,812 Incoming resources (including other gains/losses ) £ - - 97,602 97,602 Unrestricted funds £ - 156,270 (138,812) 17,458 At 1 November 2022 £ |
Resources expended £ (20,000) (20,000) (37,208) (57,208) Restricted funds £ 24,000 50,000 - 74,000 Cash flows £ |
2022 £ 600 70,000 |
|---|---|---|---|---|
| 70,600 | ||||
| At 31 October 2023 £ 31,064 |
||||
| 31,064 | ||||
| 60,394 | ||||
| 91,458 | ||||
| Total £ 24,000 206,270 (138,812) |
||||
| 91,458 | ||||
| At 31 October 2023 £ |
||||
| 121,664 | 84,606 | 206,270 | ||
| 121,664 121,664 |
84,606 84,606 |
206,270 | ||
| 206,270 | ||||
| 15 Related party disclosures Controlling party |
Page 14
St Andrews Youth Development Trust Detailed Statement of Financial Activities
for the year ended 31 October 2023
| Income and endowments from: Donations and legacies South Hackney Parochial LB Tower Hamlet Victoria Park FC Charitable activities Other Samuel Butler Total income and endowments Expenditure on: Charitable activities Food Project Total of expenditure on charitable activities Employee costs Salaries/wages Staff entertainment Staff recruitment Staff training Motor and travel costs Travel and subsistence Rates Other premises costs General administrative costs, including depreciation and amortisation Equipment expensed |
Unrestricte d funds 2023 £ 7,230 14,715 5,939 27,884 - 49,580 19,138 68,718 - 1,000 1,000 97,602 - - - 15,980 5,463 13 49 21,505 1,673 1,673 - - - 200 |
Restricted funds 2023 £ - - - - - - - - - - - - 20,000 20,000 20,000 - - - - - - - - - - - |
Total funds 2023 £ 7,230 14,715 5,939 27,884 - 49,580 19,138 68,718 - 1,000 1,000 97,602 20,000 20,000 20,000 15,980 5,463 13 49 21,505 1,673 1,673 - - - 200 |
Total funds 2022 £ 14,461 21,935 2,362 |
|---|---|---|---|---|
| 38,758 | ||||
| 39,530 26,240 20,160 |
||||
| 85,930 | ||||
| 3,100 - |
||||
| 3,100 | ||||
| 127,788 70,000 |
||||
| 70,000 | ||||
| 70,000 24,415 1,814 13 57 |
||||
| 26,299 | ||||
| 1,067 | ||||
| 1,067 | ||||
| 350 8,740 |
||||
| 9,090 | ||||
| 100 |
Page 15
St Andrews Youth Development Trust Detailed Statement of Financial Activities
| Equipment repairs and maintenance Exchange rate (gain)/loss General insurances Information and publications Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees 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 |
370 - 77 5,700 652 - 1,101 - 5,330 - 13,430 600 - 600 37,208 37,208 - 60,394 60,394 - 60,394 - 60,394 |
- - - - - - - - - - - - - - - 20,000 - (20,000) (20,000) - (20,000) 51,064 31,064 |
370 - 77 5,700 652 - 1,101 - 5,330 - 13,430 600 - 600 37,208 57,208 - 40,394 40,394 - 40,394 51,064 91,458 |
728 24 171 5,729 150 300 3,600 100 - 32 |
|---|---|---|---|---|
| 10,934 | ||||
| 600 1,850 |
||||
| 2,450 | ||||
| 49,840 | ||||
| 119,840 - |
||||
| 7,948 | ||||
| 7,948 - |
||||
| 7,948 | ||||
| 43,116 | ||||
| 51,064 |
Page 16